Transaction Failure

    Q169. Make reference to this tweet: https://twitter.com/alphaDefi_/status/1504522066674003972/photo/1 Establish the failed transaction rate for Terra over a time period of your choosing. Is this analysis correct? Additionally, make a case for what is causing the failure transaction rate you assess, and provide recommendations to mitigate it.

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    Introduction

    In the last 365 days, Terra has maintained 95% success rate on transactions. It dipped a few times during certain days but I suspect that it maybe because of bots trying to take advantage of cascading liquidations and failing due to maximum % slippage.

    Analysis of failures

    I did a count of addresses that has failed transactions and found that addresses that have > 10000 failed transactions occupy about 30% of all the failed transactions that happened in the past year.
    Here's the top address which shows that the failed transactions are due to its smart contract reverting.

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    Conclusion

    Most of the failures are due to arb bots reverting their transactions due to "not enough money to be made". Terra blockchain is working fine...