Ethereum has officially burned more than two million ETH via the EIP-1559 upgrade implemented last year.
The biggest on-chain gas burner on the Ethereum network is the leading NFT marketplace OpenSea, followed by ETH transfers. Other gas guzzlers include Uniswap, StrongBlock, Tether, etc.
Ethereum Burning
According to the latest stats in Watch the Burn, the Ethereum network has destroyed over 2 million ETH, meaning nearly $6 billion were removed from circulation of the second-largest cryptocurrency forever.
Ethereum Improvement Proposal (EIP) 1559 is arguably one of the most popular upgrades on the second-largest blockchain. The fee burning proposal that triggered a deflationary effect was implemented last summer as part of the London hard fork. Ethereum first witnessed a net-negative issuance in early September.
A significant chunk has been removed from Ethereum over the last seven months. The EIP-1559 split the transaction fee on the network, which was earlier directed to the miners,
We współpracy z: https://cryptopotato.com/over-2-million-eth-worth-6-billion-burned-since-eip-1559-launch/
