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

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

Raging Inferno: Over 3% of the Ether Supply Has Been BurnedEthereum 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. EIP-1559 Burns […]

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