Research

Burning The Path to Becoming a Deflationary Asset

Dec 7, 2021 ⋅  3 min read

Four months ago on August 4th, EIP-1559 went live which altered Ethereum’s transaction fee system. EIP1559 reformed the Ethereum fee market, creating a “base fee” – minimum price per unit of gas – that dynamically changes based on network activity. Ethereum base fee burns hit an all-time high in November with just over 360K ETH burned.

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Mason was a Senior Research Analyst at Messari focused on Web3 protocols and cryptoassets. Before Messari, Mason worked at ConsenSys as a Content Marketer focused on marketing strategy. Mason obtained his Master’s in Business Management at Hong Kong Baptist University.

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About the author

Mason was a Senior Research Analyst at Messari focused on Web3 protocols and cryptoassets. Before Messari, Mason worked at ConsenSys as a Content Marketer focused on marketing strategy. Mason obtained his Master’s in Business Management at Hong Kong Baptist University.

Mentioned in this report