Ethereum burned 1.2 million ETH in 4 months, destroyed almost $ 5 billion in ether - technology
Ethereum burned 1.2 million ETH in 4 months, destroyed almost $ 5 billion in ether - technology
Ethereum burned 1.2 million ETH in 4 months, destroyed almost $ 5 billion in ether" loading = "lazy">
With three remaining days until the end of 2021, the Ethereum network and its native token-ther have had a phenomenal year, since Ether has gained more than 450% value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London Hard Fork and since that day 1,283,226 ether worth almost $ 5 billion were burned.
burn $ 5 billion in ether olar
About four months ago Ethereum implemented the London upgrade, which added a number of new control rates to the chain. The most transformative contain eip-1559 , an improvement of the Ethereum regulation scheme that has made it possible for the network, to burn part of the ether.
"The algorithm means that the basic fee per gas rises when blocks lie above the gas destination and drops when blocks are below the gas destination. The basic fee per gas is burned," says the description of EIP-1559.
until today, December 28, 2021, 1.28 million ether were destroyed by the combustion process, which corresponds to a value of almost $ 5 billion if you use today's value ETH /USD exchange course. The previously burned value is 31.57 % higher than the one that was burned on November 24th when the incineration rate exceeded 1 million ether. Estimates assume that 118,926,664 ether are in circulation today.
NFT platform OpenSea burns the most ether
The largest combustion engine was the non-fungible token (NFT) marketplace OpenSea, which burned 134,126 $ 498 million in $ 9.5 million. Conventional ether transfers from network participants have had since 5th eth exchange courses. The decentralized stock exchange (Dex) Uniswap V2 burned 112,159 $ 457 million.
The StableCoin-Tether ( usdt ) used on Ethereum and burned ether worth 268 million US dollar Uniswap V3 burned $ 42,020 $ 167 million. The top 5 eth follow metastask (29.2k ether burned), USDC (25.9k ether burned), axie infinity (16.7k ether burned), sushiswap (15.1k ether burned) and the OpenSea registry (14.8k ether burned).
What do you think of the 1.2 million burned Ethers since August 5? Let us know your opinion on this topic in the comments below.
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