When the ETH GAS is low

CN
1 year ago

I think when the ETH gas fee is low, the valuation of Curve $CRV / Uniswap $UNI should be adjusted upwards.

In the past, when the gas fee on the ETH mainnet was high, small transactions were not cost-effective. Now, with an authorization fee of $0.3 and a transaction fee of $0.3, it's almost negligible.

So, for Taker orders of around $100K USD, the actual cost (including fees + gas fees) is only 0.01%.

Even on a normal CEX, even at VIP9, Taker orders would cost around 0.01% to 0.02%.

Of course, if a CEX is more aggressive, such as CZ's platform offering free trading for stablecoin pairs for a limited time, that's a different story.

Of course, some CEX platforms have precision issues, causing pairs like USDC/USDT to have thick order books, but Takers can only buy at 0.9999, still slightly losing out to on-chain transactions.

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