Let’s talk about the EIP-1559 fee mechanism.
Before EIP-1559, Ethereum used a first-price auction: users set their own Gas prices, and the entire bid went to miners.
One thing worth thinking about is that the more congested the chain gets, the more the base fee rises, and the more ETH is burned. Whether ETH supply increases or decreases during that period depends on how much is burned compared with how much is newly issued.
The maximum fee shown in a wallet is just a limit; check the on-chain record in a block explorer to see how much was actually spent.
Under EIP-1559, the base fee paid for each Ethereum transaction is calculated as $ETH , and is burned directly.
Before EIP-1559, Ethereum used a first-price auction: users set their own Gas prices, and the entire bid went to miners.
One thing worth thinking about is that the more congested the chain gets, the more the base fee rises, and the more ETH is burned. Whether ETH supply increases or decreases during that period depends on how much is burned compared with how much is newly issued.
The maximum fee shown in a wallet is just a limit; check the on-chain record in a block explorer to see how much was actually spent.
Under EIP-1559, the base fee paid for each Ethereum transaction is calculated as $ETH , and is burned directly.