The present burn rates, 2.3 ETH per minute, or $6,600 is going down. To be exact 2.3 ETH is being burned every now and then due to the new transaction fee mechanism brought in by Ethereum’s London upgrade on August 5. The present burn rates, 2.3 ETH per minute, or $6,600 is going down. To be exact 2.3 ETH is being burned every now and then due to the new transaction fee mechanism brought in by Ethereum’s London upgrade on August 5. The most awaited London hard fork went live on Wednesday this week bringing in the EIP-1559 update that used to moderate gas fees. This whole adjustment presented a method that burns some of the base fees collected. Based on some reports it states that the total amount of ETH burnt since the upgrade has now gone live around different counters available. Etherchain states that an average burnt rate is usually 2.36 ETH per minute. This encompasses to $6,596 per minute, or around $395,000 of ETH increasing in unusual manner at any hour based on the presen
Źródło: https://tokeneo.com/ethereum-network-burns-395k-per-hour/
