 | Ethereum just reached 69420 ETH burned since the merge (Sept 2022) an hour ago. Chart from https://ultrasound.money/: It took 193 days to get this far. At the current rate, Ethereum has been deflationary by 0.1% annually, making it the most successful deflationary cryptocurrency. And it's likely it'll never be inflationary YoY again. There is even a POAP (Proof of Attendance Protocol) NFT you can mint from the POAP site to commemorate this milestone if you're into that thing: https://checkout.poap.xyz/sale/7a352a87-be05-4696-ad9e-7e789dc5c59a In total, there have been 3.0M Ether burned since the EIP-1559 update was implemented in Aug 2021 both to burn the base fee of every Ethereum transaction and to reduce transation fees long-term. Next stop, I'm looking for forward to the Shapella update next month, followed by EIP-4484 Proto-Danksharding. [link] [comments] |
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