According to blockchain data from Nansen Analytics on Tuesday, over $1.096 billion worth of Ethereum (ETH) has been burned in the past month. With the introduction of the EIP-1559 last August, a portion of fees is taken out of circulation for every transaction that occurs on the Ethereum blockchain. While sending and receiving ETH does not cost much, higher-level tasks, such as … [Read more...] about $1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions
Burned
NFT land sells for 550 ETH, eToro to delist ADA and 1M ETH burned since August: Hodler’s Digest, Nov. 21-27
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekAxie Infinity virtual land slot sells out for 550 ETHA plot of virtual land in the widely popular … [Read more...] about NFT land sells for 550 ETH, eToro to delist ADA and 1M ETH burned since August: Hodler’s Digest, Nov. 21-27
One million ETH worth have been burned since the implementation of EIP-1559 in August
In a Twitter post published Wednesday, blockchain research firm CryptoRank revealed that over 1 million Ether (ETH) worth $4.24 billion had been burned since the introduction of the EIP-1559 protocol in August as part of the London hard fork. The EIP-1559 protocol reformed the Ethereum fee market, modifying the limit for gas fees and introducing a burn feature that takes a … [Read more...] about One million ETH worth have been burned since the implementation of EIP-1559 in August
Over half a billion dollars worth of Ethereum (ETH) are now burned
Half a billion dollars worth of Ethereum (ETH)—the world’s second-largest cryptocurrency after Bitcoin by market cap—have now been ‘burned’ after last month’s Ethereum Improvement Proposal (EIP)-1559, data from multiple sources show.The EIP-1559, an upgrade designed to improve pricing mechanisms by including a fixed-per-block network fee that is burned, went live last month and … [Read more...] about Over half a billion dollars worth of Ethereum (ETH) are now burned
16,000 ETH burned as Bitcoin finally breaks $42,000 resistance. What’s next?
16,000 ETH burned as Bitcoin finally breaks $42,000 resistance. What’s next? Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin · Ethereum › TradingBitcoin failed 3 times in the past few weeks in breaking the big resistance at $42,000, but finally it overcame the heavy resistance zone. Rohan … [Read more...] about 16,000 ETH burned as Bitcoin finally breaks $42,000 resistance. What’s next?