The Ethereum Improvement Proposal (EIP-1559), introduced as part of the London Hard Fork, established priority fees, commonly referred to as tips. These fees are paid by users to expedite their transactions, rewarding miners or validators for prioritizing them. Before the Paris upgrade, miners received these tips, but with the transition to Proof-of-Stake, validators now benefit from these additional fees. This metric provides insight into the supplementary income received by validators, beyond the base fee, for ensuring timely transaction processing on the Ethereum network.

This is the Point-in-Time (PiT) variant of Tips (Priority Fee). PiT metrics are strictly append-only and their history is immutable. The historic data does not necessarily reflect the best current knowledge, but the information at the time when a data point was first computed. PiT metrics are ideal candidates for applications in model backtesting and related quantitative purposes. Read our article on PiT metrics for more information.