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Since the activation of EIP-1559, more than 4.52 million ETH has been destroyed, with a value of more than 15.3 billion US dollars

--・Verified Binance official account

AI Summary

Since the implementation of EIP-1559, more than 4.5 million ETH have been destroyed, with a value of more than US$15 billion, indicating that the Ethereum network has a clear deflationary trend.

According to PANews, since the activation of EIP-1559, 4,523,479.74 ETH has been permanently destroyed, worth more than US$15.3 billion.
On-chain transfers accounted for approximately 8.17% of the total destruction, and Opensea NFTs accounted for 5.08%.
The decentralized exchange Uniswap destroyed 225,723.78 ETH, accounting for 4.99%.
Tether (USDT) transactions on the Ethereum network resulted in the destruction of 205,458.95 ETH, or 4.54%.
Currently, the network’s inflation rate is 0.820%, with 3,245,017.99 more ETH in circulation since the hard fork.

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Since the activation of EIP-1559, more than 4.52 million ETH has been destroyed, with a value of more than 15.3 billion US dollars

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