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ETH after 1559: Network nears 2 Million ETH burned worth over $6.9 Billion

BabaYaga

2022-02-27 (02:18:14)

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Approximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559.

Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been burned worth over $6.9 billion using today’s exchange rates.

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