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EIP-1559: Burn Baby Burn
Unpacking EIP-1559  EIP-1559 is slated to go live in July 2021....Variants of EIP-1559 have already been deployed on Filecoin, Near, and Celo with moderate success....EIP-1559 Refresher and ELI5 At a high level, EIP-1559 makes Ethereum transactions more methodical by...-1559 is implemented.
9 Min
Infrastructure
Jun 2021
Transaction Ordering Policies & Value Accrual in L2s: Timeboost, OP PGA, Fastlane, and OEV Network
In contrast, Optimism uses a modified Priority Gas Auction model based on EIP-1559, while FastLane is...Optimism’s Priority Gas Auctions (EIP-1559) Optimism and, consequently, Base, which is based on OP Stack..., use Priority Gas Auctions based on EIP 1559.
16 Min
Layer 2 / L2
Sep 2024
The Year Ahead for Infrastructure 2024
One of the most significant and discussed upgrades happening in the Dencun hardfork is EIP-4844, and...EIP-4844: Data Publication The spotlight around the Dencun hardfork is undeniably on EIP-4844 (also known...as Proto-Danksharding) which is one of the most anticipated upgrades in Ethereum since EIP-1559 and...
93 Min
Infrastructure
Dec 2023
Plasma: Taking Aim at a Trillion Dollar Opportunity
Stablecoin-centric fee model: USDT transfers are zero fees, while non-stablecoin transactions follow a modified EIP...-1559 burn mechanism to funnel value back to the XPL token....(1 year cliff + 2 year vest) Investors: 25% (1 year cliff + 2 year vest) Plasma adopts Ethereum’s EIP...-1559: base transaction fees are burned.
19 Min
Infrastructure
Sep 2025
Managing Expectations Heading Into "The Merge"
Transaction Fees & MEV: Since the implementation of EIP-1559 the base fee portion of transactions...ETH Net Issuance and Staking Rate After The Merge Since its introduction, EIP-1559 has led to ~$6.8B...-1559....The first chart shows us the real net issuance of Ethereum since EIP-1559 was enacted in August 2021,...
11 Min
Proof-of-Stake
Apr 2022
The Case For Plasma One: Stablecoins Are Eating The World
Plasma also burns base fees under EIP-1559.
14 Min
DeFi
Aug 2026
EVM Wars: Between Giga Gas and Giga Gimmicks
With Pectra around, UX on EVM chains could get a nice facelift with EIP-7702....EIP-7702 also helps with account recovery and gas abstraction....EVM chains may also come up a level if they extend support to EIP-7702....MegaETH has experimentally enabled EIP-7702 on their testnet....They’ve also extended experimental support to EIP-7702, as I previously noted.
13 Min
Layer 1 / L1
Mar 2025
Ethereum Burns, Axie's Inflection Point, DeFi Narratives
ETH Burns Can Further Heat Up On Monday, we spoke about EIP-1559 burns amounting to 17,000 ETH ($53...The old style of Ethereum transactions where miners receive the entire fee now co-exists with EIP-1559...Interestingly, EIP-1559 transactions still account for the minority of Ethereum transactions since launch...
4 Min
DeFi
Aug 2021
Stablecoin Boosts, LTHs in Pain, ETH Burns in Jan, Genie vs Gem
ETH Burns, Lowest Emission Month Incoming Ethereum burns from EIP-1559 flared up in the month so far...January 2022 is on its way to be the lowest ETH-emitting month since EIP-1559.
3 Min
DeFi
Jan 2022
The Hitchhiker's Guide to Ethereum
-1559 with an exponential pricing rule) And then DS will further add: PBS DAS 2D KZG scheme Proof-of-custody...-1559 PDS finally creates a tailored data layer – data blobs will get their own distinct fee market with...-1559 mechanism....-1559 to a new exponential EIP-1559 mechanism.
51 Min
Layer 1 / L1
May 2022
Avatar Frenzy, ETH Volatility & A DeFi Ecosystem Snapshot
With EIP-1559 going live today, a weak “sell the news” event played out right before the US session....With the much-anticipated EIP-1559 going live in today’s London hard fork, the most obvious theory is...Solana & Terra DeFi At ATHs As the Ethereum community celebrates EIP-1559 and NFT seasons, the Terra...
3 Min
DeFi
Aug 2021
ETH2 Staking, Airdrops, & The Platypus Wars
...asset, with a simulated yearly net deflation of -2.2% based on historical burns that happened since EIP...-1559....For more on ETH and the impending merge, Delphi members can revisit our EIP-1559 report here.
4 Min
Macro & Markets
Mar 2022
ETH Breaks Out, Benefits Big From NFT Craze
ETH Inflation Rate Craters Before EIP-1559 was implemented on Aug. 5, ETH’s annualized daily inflation...inflation rate has trended down sharply since and averages an annualized emission rate of 1% since the EIP...Although it’s unlikely that this sustains until the PoS merge, EIP-1559’s impact on ETH’s inflation is...
3 Min
Infrastructure
Sep 2021
Boba TVL Grows, CRO Outperforms, & Interest Rate Woes
EIP-1559 Getting Hot as Burns Crosses 1M ETH Over 1M ETH has been burned since the EIP-1559 implementation...
3 Min
Layer 1 / L1
Nov 2021
The Year Ahead for Infra 2025
As I alluded to above, these divergences accelerated post EIP-4844....Activity Spikes From EIP-4844 Arbitrum Base Activity Drops From EIP-4844 Blast zkSync Era As Base...Proto-Danksharding (EIP-4844) introduced blobs, a precursor to full danksharding....EIP 7762 proposes increasing the MIN_BASE_FEE_PER_BLOB_GAS....1559.
128 Min
Infrastructure
Dec 2024
ETH Staking, Lido Monopoly, Intro to OPtimism
With the reduction in emissions alongside EIP-1559 burns, Ethereum will likely become net-deflationary...
7 Min
Proof-of-Stake
May 2022
Avalanche L1s: Powering the Future of Appchains
Avalanche’s C-Chain adopts an EIP-1559-like mechanism that allows priority fees for block inclusion during...
22 Min
Infrastructure
Jun 2025
Exploring Base's Role in the Growing Onchain Economy
...has contributed to several onchain advancements: driving rollup transactions to sub-cent fees through EIP...Combined with the massive reduction in transaction fees post EIP-4844 (typical fees are now <1 cent...While this is in part because of EIP-4844, the scaling efforts Base has been making (such as raising...
35 Min
Layer 2 / L2
Nov 2024
L1 Performance, Funding Spikes, Options Get More Expensive
OJcpz1sAWO — The Block (@TheBlock__) September 2, 2021 A thread addressing the perceived negative impact of EIP...-1559 “EIP-1559 sucks....I suppose gas prices would be much higher now if we didn’t have EIP-1559....How does EIP-1559 save you $ETH? ??
3 Min
Layer 1 / L1
Sep 2021
Delta-Neutral AXS Farming, LUNA Burns, Yield Generating NFTs
The supply burn places deflationary pressure on LUNA making it increasingly scarce, similar to EIP-1559...Ethereum is doing 43x the fee revenue of $BTC Over 2.7 billion locked in Layer 2’s 423k ETH burned since EIP...-1559 @gridplus Lattice1 users can browse NFTs on @0xFrame — Crypto Gucci (@CryptoGucci) October 4,...
4 Min
Infrastructure
Oct 2021