🔥 Ethereum's EIP-1559 triggers a massive burn of ETH 🔥

Since the activation of Ethereum Improvement Proposal (EIP) 1559, a total of 4,523,479.74 ETH has been permanently burned, valued at over 15.3 billion dollars. On-chain transfers and transactions on platforms such as Opensea, Uniswap, and Tether (USDT) have significantly contributed to this burn.

This burn of ETH is an important milestone, as it reflects the impact of EIP-1559 on reducing inflation and strengthening the value of the cryptocurrency. The network's inflation rate currently stands at a moderate 0.820%, and the circulating supply of ETH has increased by 3,245,017.99 since the hard fork.

EIP-1559 has significantly reduced the inflation of ETH.

Platforms like Uniswap and Opensea have notably contributed to the burn of ETH.

The burn of ETH strengthens trust in the network and the value of the cryptocurrency.

The massive burn of ETH is a clear indicator of the effectiveness of EIP-1559 and its role in stabilizing and strengthening the Ethereum ecosystem. 🦊💰 #Ethereum #Criptomonedas #EIP1559 $ETH