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How Does EIP-1559 Affect Miner or Validator Revenue?

EIP-1559 reduces the amount of transaction fees that miners or validators receive because the base fee is burned. They now only receive the block reward and the optional priority fee (tip).

This shift reduces their reliance on transaction fees and makes their revenue stream more dependent on the priority fee market.

What Is EIP-1559 and How Did It Change the Gas Fee Mechanism on Ethereum?
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