Data: ETH burn rate reaches a yearly low, with the daily burn volume once dropping to 210 ETH.
Foresight News reported that, according to The Block, the daily ETH burn on the Ethereum network has dropped to a year-to-date low, with the network's base fee currently hovering between 1 to 2 gwei, a new multi-year low. Due to the relatively low gas fees, only 210 ETH were burned last Saturday.