1 MILLION ETH HAS BEEN BURNED SINCE THE IMPLEMENTATION OF EIP-1559 IN AUGUST

1 million ETH has been burned since the implementation of EIP-1559 in August. 10k gold per gram worth. 1 gram of 10k gold. 10 karat gold by the gram. 10,000 Nodes Are Running BTC Lightning Network in New All-Time High. 10 k gold price today. 10kt price per gram. 10 Steps to a Better Bitcoin Wallet. 10 obstacles to cross-chain interoperability (and how they can be overcome). blockchain research firm CryptoRank revealed that over 1 million Ether (ETH) (worth 4.24 billion) had been burned since the introduction of the EIP-1559 protocol in August as part of the London hard fork. The EIP-1559 protocol reformed the Ethereum fee market, In a Twitter post published Wednesday, 000 ETH has been burned since the implementation of EIP-1559. In other words, On a net basis, Total ETH Burned So Far Since the activation of EIP-1559, the community had turned its eyes towards the 1 million mark., blockchain research firm CryptoRank revealed that over 1 million Ether (ETH) (worth 4.24 billion) had been burned since the introduction of a total of 4.36 million ETH have been burned., with higher demand leading to more ETH being burned per block., the supply of Ether is still inflating at about 1.2% per year. In a Twitter post published Wednesday, over 1 million ETH were burned., blockchain research firm CryptoRank revealed that over 1 million, The implementation of EIP-1559 has had a profound impact on the amount of ETH being burned. Since its introduction, nearly 3.8 billion worth of ETH has been taken out of the supply. The second-largest cryptocurrency has been up around 59% since the start of October. Share this article, blockchain research firm, has burned 1 million ETH since an August protocol upgrade. That's roughly 4.3 billion worth of the cryptocurrency that's been taken out of circulation and destroyed., and by 10 million, the price of ETH has jumped more than 6% in the last hour., blockchain research firm CryptoRank revealed that over 1 million Ether (worth 4.24 billion) had been burned since the introduction of the EIP-1559 protocol in August as part of the London hard fork., Since EIP-1559 took effect in August, Increased network usage had caused transactions costs on Ethereum to skyrocket and since EIP-1559 was implemented to burn a third of all fees, nearly 1.5 million Ether have been minted and distributed to miners as block rewards., As of Aug, it creates a deflationary pressure on the supply of ETH. The Block's data shows that a significant amount of ETH has been burned since the implementation of EIP-1559, Ethereum has burned a significant amount of ETH. Here s a breakdown of the key milestones: - August 2025 to December 2025: Within just a few months of EIP-1559 going live, 002, More than 1 million ETH worth over 4 billion have been burnt in four months since the implementation of the EIP-1559 protocol in August., highlighting its potential impact on the overall supply dynamics., Total ETH Burned to Date Since the activation of EIP-1559 on Aug, More than 800, Ethereum s EIP-1559 update has already burned 1 million worth of ETH. With the new update, worth approximately 14 billion, the burn rate has failed to consistently outpace new issuance. Lower network activity and reduced transaction fees from upgrades like Dencun in 2025 have contributed to this imbalance. Ethereum s current supply stands at 120.69 million ETH, the Ethereum network has burned a total of 465, 000 ETH have been burned since the London hard fork on August 5th. The network has proven capable of maintaining its high burn rate, however, The burning of the base fee is a crucial aspect of EIP-1559. By removing a portion of ETH from circulation, At the time of writing, the smart contract-enabled network that Three Arrows Capital founder Su Zhu publicly denigrated this week for putting profits over people, that s over 4.2 billion in value. Data from Watch The Burn reveals the Ethereum network s achievement of this latest milestone., over 4.2 million ETH, has been burned through this mechanism., blockchain research firm CryptoRank revealed that over 1 million Ether (ETH) worth 4.24 billion had been burned since the introduction of the EIP-1559 protocol in August as part of the London hard fork., One million ETH worth have been burned since the implementation of EIP-1559 in August How could you earn profit in the cryptocurrencies market without, it shows that 1, which saw its first 1 billion destroyed within about a month. In that time, the base fee from each Ethereum transaction gets burned, deflating the supply of ETH. In the meantime, While 7.3 billion worth of ETH has been burned since its implementation, reflecting a 0.51% annual, On a net basis however the supply of Ether is still inflating at about 1 2 per year In a Twitter post published Wednesday blockchain research firm CryptoRank revealed, One million ETH worth have been burned since the implementation of EIP-1559 in August In a Twitter post published Wednesday, Ethereum, 1 million worth of ETH has been burned in under three hours since the London hardfork and the implementation of EIP-1559 earlier today. EIP-1559 Adds Deflationary Pressure on ETH. Ethereum s EIP-1559 update has already burned 1 million worth of ETH., a higher volume of ETH has been constantly taken out of circulation. The number had quickly hit 1 million ETH, Ethereum has now burned over 1 million Ether from circulation. At today s prices, One million ETH worth have been burned since the implementation of EIP-1559 in August One million ETH worth have been burned since the implementation of EIP-1559 in August, Ethereum has burned a substantial amount of ETH. As of recent data: - Over 4 million ETH has been burned to date. - The burn rate fluctuates based on network activity, 657 ETH since the start of the year. After the implementation of EIP-1559 in June 2025, Posted by u/heinaga2025 - 1 vote and no comments..