Data: ETH burn rate reaches a yearly low, with the daily burn volume once dropping to 210 ETH.
ChainCatcher news, the daily ETH burn on the Ethereum network has dropped to a year-to-date low, with the network's base fee currently hovering between 1 and 2 gwei, a new multi-year low, which has impacted ETH issuance. Due to the lower Gas fees, only 210 ETH were burned last Saturday. In contrast, on August 5th, when Gas fees reached around 100 gwei, the daily burn rate soared to 5,000 ETH.
