Terra Gas Usage

    Terra Bounty 66 - Find the largest transactions in the past 30 days. How does the gas fee limit set on these transactions compare to the actual gas used for them?

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    Over the past 30 days, the minimum gas used for a transaction is 41,642. However the minimum gas requested isnt far away at 55,511. The minimum percent used for a transaction is 0.01 percent. On the other hand, maximum gas used is 14,416,431 and the maximum requested amount of gas is 17,998.867.

    On average,a transaction on Terra uses ~280,000 GAS out of a requested average of ~540,000, with a gas utilization ratio of around 60 percent. The median on the other hand, which represents the most common value, suggests that a median transaction uses just under 190,000 gas out of ~310,000 request gas. However the median gas utilization ratio is around 64 percent.

    Gas is a fee that is added on to each transaction to avoid spamming. Validators set minimum gas prices and reject transactions that have implied gas prices below this threshold. At the end of every block, the compute fees are disbursed to the participating validators pro-rata to stake.

    Some stats on overall gas usage in Terra ecosystem

    High priority and huge volume transactions usually need higher amount of GAS as processing these transactions require more computing power and the validator needs to be compensated fairly.

    Below are the top 100 transactions that required the highest amount of GAS over the past 30 days.

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    Interestingly, as the top 100 gas consuming transactions are of type MsgMultiSend, i.e multiple send transactions bundled into a single transaction.