Cryptocurrency

Ethereum Network Has Burned ETH Valued At $9B Since EIP-1559

Published: March 8, 2023
Time: 11:50 pm

Published by
ValueWalk

EIP-1559 was a highly anticipated upgrade to Ethereum that aimed to address the issue of high transaction fees and improve the user experience of the platform. One critical feature of the EIP-1559 was introducing a new fee structure that involved burning a portion of transaction fees. Q4 2022 hedge fund letters, conferences and more Ethereum Has Burned Over $9 Billion Worth Of ETHJonathan Merry, the CEO of BanklessTimes, commented on the data: Ethereum has been on a journey of scalability and sustainability. The burning of over $9 billion worth of ETH since EIP-1559 is a significant milestone …

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