Why is Ethereum’s gas fee split into a base fee and a tip?
EIP-1559 was activated with the London upgrade on August 5, 2021, splitting Ethereum transaction fees into two parts: a base fee and a priority fee (tip).
Before EIP-1559, Ethereum used a first-price auction: users set their own gas prices, and the entire bid went to miners.
When managing a position, the most important thing to remember is this: for transactions that aren’t urgent, consider setting a lower priority fee; raise it a little for urgent transactions, rather than always setting it very high.
$ETH 2495.65（-1.88%）
#ETH
EIP-1559 was activated with the London upgrade on August 5, 2021, splitting Ethereum transaction fees into two parts: a base fee and a priority fee (tip).
Before EIP-1559, Ethereum used a first-price auction: users set their own gas prices, and the entire bid went to miners.
When managing a position, the most important thing to remember is this: for transactions that aren’t urgent, consider setting a lower priority fee; raise it a little for urgent transactions, rather than always setting it very high.
$ETH 2495.65（-1.88%）
#ETH