EIP-1559 News

Earlier this week, Polygon announced that the highly awaited EIP-1559 upgrade would go live today at 3 am UTC. The upgrade is meant to improve the burning of MATIC tokens and increase the gas fee visibility in the network. EIP-1559…

The total amount of ether (ETH) burned by EIP-1559 has so far surpassed 214,000. NFT marketplace OpenSea has burned the highest amount of ether since EIP-1559 went live, while DeFi yield farming protocol, Uniswap (UNI) has burned nearly 1k ETH…

Kevin O’Leary has stated categorically via Cameo on August 9, 2021, that he thinks the successful implementation of the EIP-1559 and the impending transition of the smart contracts blockchain to the proof-of-stake (PoS) consensus will make Ethereum’s ether (ETH) an…

The highly anticipated Ethereum London upgrade will get activated on August 5 as earlier scheduled. The London hard fork will usher in a plethora of improvements to the network and possibly make ether (ETH) a deflationary asset just like bitcoin…

Ropsten has successfully upgraded with the fee market reforming Ethereum Improvement Proposal (EIP) 1559, and is currently live.  Live Burning of Ethereum Lead developer Tim Beiko tweeted earlier today that the first block, even though it took a while, was…

On May 10, the Ethereum network generated roughly $89 million in transaction fees, the highest in its history. At this pace, the platform is on the course of printing $32.5 billion in fees, a gold mine for miners but a…

The highly-anticipated Ethereum Berlin hard fork is now live. What does the Hard Fork Offer? Ethereum, the world’s largest smart contracts platform is primed for a major upgrade via the Berlin hard fork. The hard fork will introduce several important…

Coin Metrics has revealed via its Ethereum Gas Report released on March 22, 2021, that the upcoming Ethereum Improvement Proposal (EIP) 1559 may not solve the network’s high gas fee problem, but scalability solutions will. EIP-1559 Not the Answer Since…

Ethermine has announced the launch of its Maximal Extracted Value (MEV) beta program. The mining pool claims MEV will enable its miners to make more profits and cushion the effect of the impending EIP-1559, which is designed to slash miner…

An All Core Developers call today confirmed that the Ethereum Improvement Proposal (EIP) 1559 would be packaged with the London hard fork this coming July regardless of the mining industry’s discontent with the proposal. Developments Are Underway The event will…

In what will undoubtedly be the costliest Ethereum approval in February 2021, one user paid $42.2k in a single transaction to move funds from his USDC account to Uniswap V2 on Feb 23. The Error Coincidentally, this is when ETH…

Berlin Hard Fork’s activation date has been penciled at block height 12,244,000, or on April 14, following an Ethereum All Developers meeting on February 19. From Istanbul to Berlin, Ethereum is Building Ethereum currently operates two independent chains: Proof-of-Work and…

Ethereum price is at near-record highs, a gift for holders but a nightmare for network users. Here’s why: The average transaction (Gas) fee stands at $20. What’s even worse is that this fee will likely stagnate at present levels if…

Unlike the 2017 rally, the current Ethereum bull run is marked with more developers, an analysis on Feb 11 shows. Ethereum is Attractive to Developers Data scrapped from code documentation of different Ethereum frameworks and pre-made stacks show a steady…

Ethereum experts have revealed that the implementation of the Ethereum Improvement Proposal (EIP) 1559 will significantly boost the price of ETH, in addition to slashing the current crazy transaction fees on the number one smart contracts blockchain, according to a…

Eric Conner, an Ethereum core developer, now says EIP-1559 will be implemented in the smart contracting platform as per a tweet on Dec 21. EIP-1559 is going to happen. Then we are going to burn a lot of ETH. Then…