$100K Gas Just to Stake? The Cost of Flexing on Plasma

In a wild move that shocked onlookers, one deep-pocketed user spent 39.15 ETH (~$100K) in gas fees just to stake 10.17 million USDC on Plasma — all for the glory of being first.

But here’s the kicker: the actual #1 staking address spent only $7.16 in gas to deposit a whopping 50 million USDC. So much for efficiency.

And it doesn’t stop there. The same user also paid 3.89 ETH (~$9,851) just for token approval.

Makes you wonder — how much are they planning to earn from staking to justify burning nearly $110,000 in gas?

Deposit tx:

0xa56a6dd2eb11d12fcee94f657ce51be9f49e7a4b9781fce2f463ae1d91e3f4dc

Approval tx:

0x16eb0350d4450065b2c37a3a0ab18b7f1eb4759fd31677f25c9003fc543a69c5