Data: After the "London" upgrade, the income of Ethereum miners is affected?
When the blockchain reached 1,265,000, Ethereum officially carried out the EIP-1559 upgrade, also known as the "London upgrade". So far, Ethereum has officially entered the era of ETH 2.0.
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burning fee
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(Burning fee for the first 2 days after the "London" upgrade)
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(10 largest blocks mined)
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(Based on a graph of the entities that make up the top 25 gas guzzling addresses)
Breaking down these addresses by type, NFTs can be found the most, followed by decentralized exchanges (DEXs). These two addresses account for more than 2/3 of the top gas consumption of burning ETH.
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(The amount of gasoline burned by each address)
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(Top ten gas spenders)
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petrol price
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(The above data comes from the Etherscan block explorer)
The aforementioned NFT shorts also had a significant impact on network base fees, becoming the first test case of EIP-1559’s flexible block size mechanism, with base fees rising and falling rapidly as user demand for NFTs increased dramatically between.
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(Highest base fee ever seen on Aug. 5)
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Ethereum inflation rate
There is currently a misconception that ETH will be automatically deflationary due to the introduction of EIP-1559, and the price of Ethereum will explode accordingly, however, this is not the case.
What needs to be mentioned here is that if the POW is not converted to the POS proof-of-stake mechanism and the subsequent blockchain reduction, then the overall inflation will still be present for Ethereum.
However, for Ethereum to be truly deflationary, the precondition is that "each block must burn more ETH than is simultaneously distributed to miners through block rewards".
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(NFT airdrop caused the largest single block deflation of nearly 10ETH)
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(The burn fee for block 12,965,263 exceeded the base block reward of 2 ETH)
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EIP-1559 transaction
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(Statistics of transaction methods)
Why should wallets and their users choose to use EIP-1559 style transactions? The reason is that using this transaction type saves users ETH, following the formula:
(Maximum fee per Gas - (basic fee per Gas + highest priority fee per Gas) * used Gas
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(1.36 ETH coexist in this transaction)
Under EIP-1559, ethereum miners will still be rewarded through a feature known as a "priority fee," whereby users' transactions will be processed ahead of time as long as they are willing to pay the priority fee. Ethereum users have paid a total of 7141 ETH since the “London” upgrade was activated.
Since ethereum miners are still rewarded with a portion of transaction fees on ethereum, a surge in on-chain activity due to NFT airdrops or popular decentralized finance (DeFi) apps, and traders willing to increase the "priority fee" "And other factors, the total income of diggers has increased instead.
