Recent data reveals a significant drop in Ethereum’s burn rate, coinciding with a steep decline in its total value locked (TVL) within the decentralized finance (DeFi) sector. This decline is raising questions about Ethereum’s future dominance, especially as rivals like Solana (SOL) make substantial gains.
Ethereum’s Burn Rate Falls to Record Lows
The burn rate of Ethereum, a measure of how many ETH tokens are destroyed through transaction fees, has recently hit an unprecedented low.·
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