- To celebrate its launch, GasHawk is currently hosting a giveaway. The user who achieves the highest percentage of savings in a single transaction with the service will win 1 ETH.
- To enter the giveaway, users simply need to use GasHawk to make transactions on the Ethereum network and sign up for the giveaway in their dashboard settings.
The sweepstakes will end on January 31, 2023 at 23:59:59 UTC
(1/2) We are running a special giveaway of 1 ETH for January!! 🎁
The address with the highest savings % of a single TX will win 1 ETH! Please ensure you opt in to being included in the giveaway in your settings and make sure to share and tag GasHawk to show all of your savings! pic.twitter.com/H6dsKiL7rh
— gashawkio 🦇🔊 | save gas on Ethereum (@gashawkio) January 10, 2023
GasHawk, a new service designed to help Ethereum network users save on transaction fees, was launched last October. Gas fees are the fees that are partially burned and partially paid to validators for processing transactions and executing smart contract code on the Ethereum blockchain. These fees can add up quickly, especially for users who transact frequently.
According to the GasHawk team’s analysis, around 60% of all transactions on the Ethereum network are non-time-critical transactions. For these transactions, GasHawk can be particularly useful, as the service can help users save on fees when there is a time window of 10 minutes or more. The longer the deadline, the higher the potential savings, with deadlines potentially extending up to 24 hours.
Even though gas prices may not be as high as they were in 2021, it is still possible to save a considerable amount of money on transactions. However, with the next bull run, fees could become a significant pain point once again.
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The GasHawk service monitors the Ethereum network’s base fee in real-time and uses advanced mathematical modeling to predict the optimal time to submit a transaction. By targeting local minima in gas prices, GasHawk aims to help users pay the lowest possible fee for their transactions. The team shares that the service currently saves users an average of 25-30% on transaction fees, with the potential for even greater savings during periods of high volatility.
GasHawk offers a unique opportunity for users to optimize their transactions on the Ethereum network, even during periods of low fees, while also preparing for the next bull run. The service is free to use by adding their RPC server to MetaMask, and users are encouraged to sign up today to start saving on gas fees and potentially win 1 ETH.