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Glassnode: The ETH burn rate of EIP1559 reached an all-time low



Time:8/4/2022 12:02:24 PM

[Glassnode: The ETH burning rate of EIP1559 has reached the lowest point in history] Jinse Finance reported that according to the latest analysis of the blockchain analysis company Glassnode, the ETH burning rate through EIP1559 has now reached the lowest point in history, and the total amount of burned ETH now only accounts for the total 11% of circulation. With the current launch schedule, Ethereum has only stepped into deflationary territory three times in the past. This means that, compared with all the history after the implementation of the EIP1559 protocol, there is currently a relatively large amount of ETH entering the circulation field. At the time of writing this article, the total amount of Ethereum ETH burned was 2,571,372.4, or about $4,157,523,645.48.

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