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has already burned worth eth pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures

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.

How much money has Ethereum burned?

At the time of writing, Ethereum has burned 408.84 ETH—about $1.1 million at current market prices. According to data from ultrasound.money, some of the biggest ETH burners so far have been Uniswap, OpenSea, and Tether.

Is ETH deflationary?

While not deflationary yet, ETH will see a significant decrease to the growth of its supply. $1 million worth of ETH has been burned in under three hours since the London hardfork and the implementation of EIP-1559 earlier today. Ethereum’s EIP-1559 update has already burned $1 million worth of ETH.

How much ETH was burned after London hard fork?

The report cited a Dune Analytics dashboard called "Ethereum after 1559" that is tracking the amount of Ether burned after London went live on August 5. Bitcoin News said on August 22 that 73,784 ETH—approximately $230 million at that day's exchange rates—was burned in the 17 days after the hard fork's introduction.

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