• Written by: Crypto Breaking News
• Mon, 12 Feb 2024
•   United Kingdom

Ethereum 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 [...]The post Raging Inferno: Over 3% of All Ether Supply Has Been Burned Since Implementing EIP-1559 appeared first on Crypto Breaking News.

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

Ethereum 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 [] Source: Bitcoin.com

The post Raging Inferno: Over 3% of All Ether Supply Has Been Burned Since Implementing EIP-1559 appeared first on Crypto Breaking News.