Since the deployment of EIP-1559, over 4.5 million ETH have been burned, worth over 15.3 billion USD. According to Golden Finance reports, data shows (as of this weekend) that since the activation of the London hard fork on August 5, 2021, the Ethereum network has burned over 4.5 million ETH, valued at over 15.3 billion USD at current prices. The upgrade included EIP-1559, which initiated a mechanism for burning a portion of transaction fees, effectively reducing the supply of ETH in circulation. Although approximately 4.5 million ETH have been burned 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.

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