Definition
The base fee of the most recent block processed.
Dictionary
| Name | MetricID | Category | Sub-category | Type | Unit | Interval |
|---|---|---|---|---|---|---|
| Base Fee for Block | block_base_fee | KRI | Block Attributes | Sum | ETH | 1b |
Methodology
The most recent block we processed within a 1-minute window is evaluated and its Base Fee captured. The concept of a Base Fee was introduced as part of EIP-1559 and it represents the portion of the total transaction fees that is destroyed and taken out of circulation (i.e. burnt). Ethereum post-1559 requires users to pay for a Base Fee as a prerequisite to include transactions in a block. The Base Fee can go up or down on the basis of the size (in gas units) of the previous block.
Available Assets
Ethereum (ETH)
Sample Query
{% embed url="https://api.coinmetrics.io/v4/timeseries/asset-metrics?api_key=%3Cyour_key%3E&assets=eth&frequency=1b&metrics=block_base_fee&pretty=true" %}
\