The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues were non-fungible token (NFT) marketplace sales, which rose by more than 19,000% during the period under review. ETH Inflation Rate Drops to 0.51% Ethereum’s revenues […]
Category: EIP-1559
1915220 burned blockchain Burn Rate Close to 2M deflationary EIP-1559 ETH ETH fees ETH Markets ether Ether burn Ethereum Fee Burn Fees Fees Spike Hard Fork London London fork London Upgrade metamask Opensea ruleset change Swaprouter 2 Technology Tether (USDT) Uniswap V2 uniswap v3 Vitalik Buterin
Ethereum After 1559: Network Nears 2 Million ETH Burned Price Over $6.9 Billion
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 […]