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Raging Inferno: Over 3% of All Ether Supply Has Been Burned Since Implementing EIP-1559

news.bitcoin.com

Ethereum has shed a significant part of its supply since the London upgrade, applied in August 2021. According to ultrasound.money, a portal that records several statistics associated with the ETH burn, over 4 million ether (3.2%) have been removed from the network since the adoption of EIP-1559, which changed how fees are calculated.

Read in Full: news.bitcoin.com
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Bitcoin Bitcoin
51564.4000 -1.26%
Ethereum Ethereum
2944.60000 -2.07%
BNB BNB
379.901000 7.18%
Solana Solana
104.089000 -3.37%
XRP XRP
0.54612400 -2.39%