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Over 4.5 million ETH has been destroyed since EIP-1559 was activated

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Reprinted from panewslab

12/22/2024·5M

PANews reported on December 22 that according to News.bitcoin, since the activation of EIP-1559, 4,523,479.74 ETH has been permanently destroyed, worth more than 15.3 billion US dollars. On-chain transfers accounted for approximately 8.17% of the total amount of ether burned, while Opensea NFTs accounted for approximately 5.08% of the total amount of ether burned. The decentralized exchange (dex) platform Uniswap destroyed 225,723.78 ETH, accounting for 4.99% of the total amount of ETH destroyed. At the same time, Tether (USDT) transactions on the Ethereum network resulted in the destruction of 205,458.95 ETH, accounting for 4.54% of the total amount of ETH destroyed. Currently, the network's inflation rate is at a modest 0.820%, with 3,245,017.99 more ETH in circulation since the hard fork.

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