Tag: EIP1559
Ethereum Inflation Hits Highest Level Since EIP-1559 Adoption
Ethereum’s network activity has dropped dramatically due to market slowdown. Both decentralized finance (DeFi) and the NFT sector were affected. Gas prices for #Ethereum are at multi year lows, now…
Over 2 Million ETH ($6 Billion Value) Has Been Burned Since the EIP-1559 Launch
Ethereum has officially burned over two million ETH through the EIP-1559 upgrade carried out last year, with leading NFT market OpenSea in the lead, followed by Uniswap, StrongBlock, Tether, among…
Polygon Releases EIP-1559 Upgrade to Burn MATIC Tokens
Upgrading Ethereum’s EIP-1559 partial network fee burn mechanism in August last year. It was released on the Layer 2 network like Polygon. Ethereum’s EIP-1559 upgrade came with the London hard…
Binance Smart Chain Introduces Fee Burning Mechanism Like Ethereum’s EIP-1559
The BEP-95 proposal is being received.recommendon the public Binance Chain Github, which is a real-time fee burning mechanism. As it is now used on the Ethereum chain, the main goal…