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After London

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It's been a short while since we're in London, let's see how everything goes and how EIP1559 is behaving by now.

The hard fork happened on Aug 5th 2021 on block #12965000. Generally speaking, everything went very well, there were no consensus issues found, the network is not congested and everything works as it was designed to. That's some really great news with such a complicated upgrade.

Chain capacity increased by ~9% after London. There are 3 evenly split causes: (1) ice age delay, (2) pre-London blocks being not full, and (3) imperfections in the basefee adjustment formula.

Since day 1 there was 67,671 ETH burned, an equivalence of $210,651,298

This chart represents the % of 1559 transactions in each block. In the last 24h it exceeded 40%, which shows that users are slowly sending more & more 1559 transactions. ⬇️

https://preview.redd.it/rovzku8fmji71.png?3358&format=png&auto=webp&s=c02780debf08d170c91d090404841638be16adad

Top 10 Ethereum burners as above

The longest streak for gas used was 35 full blocks

As observerd legacy users don't overpay, their transactions are sent with a price close to basefee and if the basefee is stable they are included fast if not it takes more time for them to be included.

London upgrade was the 1st step forward in Ethereum’s roadmap toward ETH2.0 and PoS and there are in fact many more upgrades to come with Altair and the merge expected to be next.

https://preview.redd.it/jcbah2b2nji71.png?2152&format=png&auto=webp&s=415a34ae6b992767da331a2ddce3b306b5e037ed

Watch Post London EIP-1559 Assessment to get more info https://www.youtube.com/watch?v=ZmzIHFuwdg0https://app.parsec.finance/gas

For more stats visit https://dune.xyz/msilb7/EIP1559-Base-Fee-x-Tip-by-Block

submitted by /u/nethermindeth
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