Since the London hard fork in 2021, Ethereum has burned over 4.5 million ETH, valued at approximately $15.3 billion! 🔥 The EIP-1559 mechanism has rendered part of the transaction fees worthless, reducing the circulation of ETH. However, Ethereum has not become deflationary as some expected; instead, the inflation rate has slightly risen to 0.820%. Does this mean that Ethereum's economic model needs to be re-evaluated? Feel free to share your thoughts in the comments! 📊 #Ethereum #Blockchain #EIP1559