Over One Million Ethereum Worth $4.3B Burnt Since London Upgrade

The burning mechanism that was introduced as a part of the Ethereum London upgrade in early August has now destroyed more than one million ETH. Sponsored Sponsored The London hard fork in early August introduced EIP-1559, a mechanism to burn a portion of the transaction fees. Since then, 1,008,431 ETH has been burnt at the … Read more

500,000 ETH Worth $1.7B Burnt Since August Network Update

More than 500,000 ETH worth around $1.7 billion at current prices has been destroyed since the Aug 5 London upgrade deployed EIP-1559. The milestone was noted by industry researcher Evan Van Ness who added “We’re on pace for nearly 3 million $ETH burned every year.” Sponsored Sponsored The Ultrasound.Money fee burning tracker is currently reporting … Read more