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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
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
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
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
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
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
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
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
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
L1 Performance, Funding Spikes, Options Get More Expensive
OJcpz1sAWO — The Block (@TheBlock__) September 2, 2021 A thread addressing the perceived negative impact of EIP...-1559EIP-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
ETH on Fire, Call Buyers Don't Tire, and NFTs Push Higher
. $53 Million of ETH Burned EIP-1559 is living up to expectations as a potential deflationary force...Since the London Hard Fork (when the EIP was implemented) on Aug. 5, over 17,000 ETH, or $53 million...Before the EIP was implemented, miners would’ve pocketed all of that ETH as revenue for their services...
4 Min
DeFi
Aug 2021
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
ETH Primed for Takeoff If Breakout Holds
Fundamental Drivers The much-anticipated EIP-1559 has finally been implemented, and the early data has...have earned 9,900 ETH in tips, at an average rate of ~ 380 ETH per day, over the same period; before EIP...-1559, miners would’ve pocketed the entire 143,000 ETH The ETH burns have been influenced by higher...
6 Min
Layer 1 / L1
Aug 2021
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