What are “maximum fee” and “priority fee” in a wallet, and why is the amount actually charged often lower than the limit?
Definition: When sending a transaction, you set a maximum fee and a maximum priority fee. The actual charge is the “base fee + priority fee,” up to the maximum fee; any excess is not charged.
The reasoning behind it: The base fee is burned rather than paid to the block producer, preventing block producers from profiting by stuffing fake transactions into blocks to drive up fees.
Under EIP-1559, every Ethereum transaction pays a base fee of $ETH , which is burned directly.
It’s okay to play it safe—surviving matters more than how much you earn in a single go.
#ETH
Definition: When sending a transaction, you set a maximum fee and a maximum priority fee. The actual charge is the “base fee + priority fee,” up to the maximum fee; any excess is not charged.
The reasoning behind it: The base fee is burned rather than paid to the block producer, preventing block producers from profiting by stuffing fake transactions into blocks to drive up fees.
Under EIP-1559, every Ethereum transaction pays a base fee of $ETH , which is burned directly.
It’s okay to play it safe—surviving matters more than how much you earn in a single go.
#ETH
