I just decided to watch the charts and wonder how many ethereum gets burned and it's a lot!
Here are some key statistics:
- About 2 ETH gets burned every minute currently
- Since the merge the supply decreased by about 28 thousand ETH
- The supply is expected to drop by 0.56% this year based on todays volume
- In a few weeks we should reach a total of 3 million ETH burned(be prepared for some headlines)
In short EIP-1559 is a huge success and in time it should reflect in the price as well.
If you want to watch ETH burn as well be sure to checkout: https://ultrasound.money/ https://beaconcha.in/burn
P.S: Fun fact it was almost a year ago that we hit 2 million ETH burned.
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