According to Wu, data from The Block showed that due to the fourth halving, BTC miners' revenue decreased by 46% month-on-month to US$963 million in May, while ETH stakers' revenue increased by 4.1% to US$267 million. A total of 26,747 ETH were destroyed in the same month. Since the implementation of EIP-1559 in early August 2021, a total of 4.3 million ETH have been destroyed, about US$12.11 billion. In addition, the monthly transaction volume of the NFT market on Ethereum fell by 27.8% to US$344 million.