Burning Metrics: Ethereum Burns 3.33 Million Ether Valued at $6.1 Billion in 21 Months

Burning Metrics: Ethereum Burns 3.33 Million Ether Valued at $6.1 Billion in 21 Months

In the past 21 months following Ethereum’s London hard fork, the network has witnessed the destruction of over 3.33 million ether, valued at $6.1 billion. At present, roughly 3.51 ether is burned every single minute. Standing out as a prominent participant in the burn process since August 5, 2021, just below conventional ETH transfers, is the Opensea platform, which has contributed to the burning of 230,050 ETH.
More Than $6 Billion in Value Destroyed Since EIP-1559
Back on August 5, 2021, a significant event occurred in Ethereum’s history with the implementation of the Ethereum Improvement Proposal (EIP) 1559 as part of the London upgrade. Since then, 660 days have passed. In the initial three months alone, over 700,000 ether was burned, setting the stage for what was to come.
Fast forward to the end of May 2023, utilizing the latest burn metrics, EIP-1559 has fueled the burning of 3.33 million ethereum (ETH) with a value of $6.1 billion, reflecting current ether exchange rates. S

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We współpracy z: https://news.bitcoin.com/burning-metrics-ethereum-burns-3-33-million-ether-valued-at-6-1-billion-in-21-months/

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