Tag: ETH burning mechanism (EIP-1559)

ETH Burning Mechanism (EIP-1559): A Game-Changer for Gas Fees Pain Points: The High-Cost Dilemma Ethereum users frequently search for “why are ETH gas fees so high?”—a pain point exacerbated during peak DeFi (Decentralized Finance) activity. In 2023, Uniswap traders paid over $200 per transaction during NFT (Non-Fungible Token) minting frenzies, highlighting scalability limitations. Solution Deep…