How much ETH has been burned?

According to data from tracking website Watch the Burn, a total of 1.747 million ether worth $4.58 billion has been burned since August, with an average of 307 ETH worth $800,000 being burned per hour, and 12,300 worth $32 million being burned per day.

What is Ethereum's burn rate?

This week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every 60 seconds.

What happened to Ethereum?

Over $4.5 billion worth of the second-largest cryptocurrency by market capitalization, Ethereum ($ETH), has been burned since the implementation of Ethereum Improvement Proposal (EIP) 1559 via the London hard fork on August 5.

How much ether has been burned since eip-1559?

More than $140 million ether has been burned since a revamp of the ethereum fee system on August 5. The EIP-1559 changes have excited many investors and helped push the ether price up 17%. Yet the asset remains volatile, having lost half its value between May and June before rebounding.