Onchain profit just went vertical on
@Celo, reaching a new daily high of $18.6k
Annualized, that would be $6.785 Million!
What caused this?
▸ One contract generated $9,669 in gas fees yesterday. We are still trying to identify it, but it seems to be sending small amounts of Celo to many addresses: 0xdE39b40E7fdb033Eb1104d2501e0F758696046D5
▸ We have seen an increase in MicroTransfers for stablecoins. This accounts for ~$6k in gas fee yesterday.