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The Right Time to Trade on Jumper and Save on Gas Fees

The most optimized time to swap and bridge using Jumper

Octave Mesnard's avatar
Octave Mesnard
The Right Time to Trade on Jumper and Save on Gas Fees

When you’re executing transactions onchain, every move comes with a price tag – those are ‘gas fees’ for you.

With activity across the multi-chain ecosystem pickup up pace in the bull market, this gas cost can really jump up significantly at times, especially if you’re swapping or bridging tokens.

While this problem will likely be solved by L2s in the future, it remains a huge blocker for many people’s onchain activities.

Today, I want to share some tips with our users to understand the best times of the week and of the day to conduct onchain transactions, without burning a hole in your pocket.

What are Gas Fees?

Gas fees are charges incurred when conducting transactions or executing contracts on platforms such as Ethereum, Arbitrum, or Base.

They serve as compensation for validators, rewarding them for the computational resources expended in verifying transactions.

Swap on Jumper today!

What is the Best Time for Bridging and Swapping on Jumper?

We went deep into the data to find useful information for Jumper chads to save them some money. Here’s what we found is the best time to trade on Jumper:

Which day of the week?

TLDR: On the weekend



On average, it costs 28% less to execute a swap on Jumper on the weekend than on weekdays.

If you swap on Sunday, it would cost 36% less gas fees than on Wednesday.

Screenshot 2024-10-03 at 4.44.24 PM.png
Which hour of the day?

TLDR: Between 2 and 7AM UTC.

If you want to swap or bridge, do it preferably between 2 and 7am UTC.

This corresponds to morning in Asia, evening time in the US and middle of the night for Europeans (I hear your pain).

If you can’t swap and bridge at this time, try to avoid the 2 to 6 pm UTC period, as those are the peak hours of onchain activity.

Screenshot 2024-10-03 at 4.46.02 PM.png

When Do Jumper Users Make Their Moves?



Ever wondered if Jumper users are able to make the most of low gas fas? Well, it turns out they do!


On average, Jumper users execute 22% more transactions on weekends than weekdays.

Screenshot 2024-10-03 at 4.48.04 PM.png

And when you break it down on an hourly basis, most of Jumper activity is concentrated between 7AM and 2PM UTC.


Screenshot 2024-10-03 at 4.48.52 PM.png

It means that, Jumper users are smart and avoid peak gas activity (between 2 and 6PM UTC)

Summary

We should admit that Jumper users swap and bridge at the right time to optimize gas fees, but it could be improved in the future for the one still executing transaction during peak periods.



To conclude, here’s a cool visual for you – the Jumper activity heatmap based on days and hourly activity on a weekly basis:

Screenshot 2024-10-03 at 4.50.00 PM.png

This snapshot gives a clear overview of when Jumper users are most active and, by the looks of it, when they're saving a bunch on gas fees.

Bridge on Jumper today!







FAQ

There are four primary bridge verification mechanisms:

  1. Externally verified: Multi-party custody (MPC) systems rely on a third-party group of validators to confirm transactions between blockchains.
  2. Locally verified: Atomic locks use self-executing smart contracts to exchange assets on the source chain for assets on the destination chain.
  3. Hybrid verification: Conditional transfers offer the speed of atomic swaps and the security of optimistically verified protocols.
  4. Natively verified: Light client relays verify the state of one blockchain on other blockchains to confirm cross-chain transactions
Octave Mesnard's avatar
Octave MesnardHead of Data | Jumper
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The Right Time to Trade on Jumper and Save... | JetSwap Learn