Plasma’s ICO saw one participant spend over $100,000 in Ethereum gas fees to prioritise a $10 million USDC deposit, highlighting aggressive entry tactics among high-value contributors
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The extra $100,000 came in what is called a priority fee, which is an optional feature that allows users to pay as much as they want to incentivize validators to process their transaction quicker.
This user spend 39.15 ETH ($99.6k) in gas to deposit into Plasma
One trader spent $100,000 in Ethereum priority fees to ensure their $10 million USDC deposit made it through.
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