Nearly $9 Billion worth of ETH Has Been Burned Since EIP-1559 Deployment


The second largest cryptocurrency by market capitalization, Ethereum (ETH), implemented a token burn mechanism on August 5, 2021, through the Ethereum Improvement Proposal (EIP) 1559 upgrade. There, nearly $9 billion in ETH was burned, data from Glassnode shows. A total of about 2.8 million ETH has been removed from the supply since the burn mechanism was established, according to data from

Do people believe the return of ETH in 2023?📷

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