ETH burn rate reaches a low point for the year, with the daily burn volume once dropping to 210 ETH.
Odaily reports that the daily ETH burn on the Ethereum network has dropped to a year-to-date low. As of the time of writing, the network's base fee is hovering between 1 and 2 gwei, a multi-year low, which has impacted ETH issuance. Due to the lower Gas fees, only 210 ETH were burned last Saturday. In comparison, on August 5th, when Gas fees reached around 100 gwei, the daily burn rate spiked to 5,000 ETH. (The Block)
