When asked, “Why are Ethereum gas fees split into a base fee and a tip?”
I usually answer like this: When you send a transaction, you set a maximum fee and a maximum priority fee. You’re charged the “base fee + priority fee,” up to the maximum fee; any difference isn’t charged. The more congested the network, the more the base fee rises, and the more ETH gets burned. Whether ETH supply increases or decreases during that period depends on how much is burned compared with how much is newly issued.
$ETH 2501.01（-1.82%）
Had you heard about this before?
I usually answer like this: When you send a transaction, you set a maximum fee and a maximum priority fee. You’re charged the “base fee + priority fee,” up to the maximum fee; any difference isn’t charged. The more congested the network, the more the base fee rises, and the more ETH gets burned. Whether ETH supply increases or decreases during that period depends on how much is burned compared with how much is newly issued.
$ETH 2501.01（-1.82%）
Had you heard about this before?