Research[Hexcast]
ETH Burn Plunges 96 After Fee Cap Convergence Collapse Spreads
EIP-1559's base fee has no lower bound, causing it to converge to zero as capacity scales, enabling near-free spam and collapsing the ETH burn. With a 96.5% collapse in daily fee revenue from $12.9M to $452K, average transaction fees fell from $10.78 to $0.20. EIP-4844 sets a floor for blob gas; execution gas needs a similar bound.
Ethereum ecosystem intelligence