![Raging Inferno: Over 3% of All Ether Supply Has Been Burned Since Implementing EIP-1559 – News Bitcoin News Raging Inferno: Over 3% of All Ether Supply Has Been Burned Since Implementing EIP-1559 – News Bitcoin News](https://i0.wp.com/static.news.bitcoin.com/wp-content/uploads/2024/02/04815111-beb0-4350-9f89-14e23205d510.jpg?w=896&ssl=1)
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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 […]
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