How Does EIP-1559 on Ethereum Attempt to Stabilize Gas Fees and Potentially Mitigate Front-Running?

EIP-1559 introduced a base fee that is burned and dynamically adjusts based on network congestion, aiming to stabilize fees. It also introduced an optional "priority fee" (tip) to incentivize miners/validators.

While it didn't eliminate front-running, it made the transaction fee structure more predictable. Front-runners still use high priority fees to jump the queue, but the burning of the base fee reduces the total MEV available to the block producer, slightly dampening the incentive.