diff --git a/lib/ethpy/ethpy/base/retry_utils_test.py b/lib/ethpy/ethpy/base/retry_utils_test.py
index df602d58ee..5006760437 100644
--- a/lib/ethpy/ethpy/base/retry_utils_test.py
+++ b/lib/ethpy/ethpy/base/retry_utils_test.py
@@ -1,4 +1,4 @@
-"""Test executing transactions."""
+"""Test retry utils."""
 import logging
 import time
 
diff --git a/lib/ethpy/ethpy/base/transactions_test.py b/lib/ethpy/ethpy/base/transactions_test.py
new file mode 100644
index 0000000000..152fc6a817
--- /dev/null
+++ b/lib/ethpy/ethpy/base/transactions_test.py
@@ -0,0 +1,38 @@
+"""Test executing transactions."""
+import pytest
+from fixedpointmath import FixedPoint
+
+from agent0.hyperdrive.interactive import InteractiveHyperdrive, LocalChain
+from ethpy.base.transactions import smart_contract_transact
+
+
+@pytest.mark.anvil
+def test_smart_contract_transact_success(chain: LocalChain):
+    """Transact with a known correct function."""
+    interactive_hyperdrive = InteractiveHyperdrive(chain)
+    alice = interactive_hyperdrive.init_agent(base=FixedPoint(100), name="alice")
+    _deployed_hyperdrive = interactive_hyperdrive._deployed_hyperdrive  # pylint: disable=protected-access
+    smart_contract_transact(
+        chain._web3,  # pylint: disable=protected-access
+        _deployed_hyperdrive.base_token_contract,
+        _deployed_hyperdrive.deploy_account,
+        "mint(address,uint256)",
+        alice.agent.checksum_address,
+        FixedPoint(100).scaled_value,
+    )
+
+
+@pytest.mark.anvil
+def test_smart_contract_transact_failure(chain: LocalChain):
+    """Transact with a known incorrect function name."""
+    interactive_hyperdrive = InteractiveHyperdrive(chain)
+    alice = interactive_hyperdrive.init_agent(base=FixedPoint(100), name="alice")
+    _deployed_hyperdrive = interactive_hyperdrive._deployed_hyperdrive  # pylint: disable=protected-access
+    smart_contract_transact(
+        chain._web3,  # pylint: disable=protected-access
+        _deployed_hyperdrive.base_token_contract,
+        _deployed_hyperdrive.deploy_account,
+        "mintx(address,uint256)",
+        alice.agent.checksum_address,
+        FixedPoint(100).scaled_value,
+    )