Data shows (as of this weekend) that since the activation of the London hard fork on August 5, 2021, the Ethereum network has destroyed over 4.5 million ETH, worth over 15.3 billion dollars at current prices. The upgrade included EIP-1559, which initiated a mechanism to burn part of the transaction fees, effectively reducing the supply of ETH in circulation. Although approximately 4.5 million ETH have been destroyed to date, data from ultrasound.money indicates that Ethereum has not become deflationary as some industry insiders predicted. Currently, the network's inflation rate has slightly increased to 0.820%, with an additional 3,245,017.99 ETH entering circulation since the London fork.