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Roughly 2 ETH gets burned every minute!

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by COINS NEWS 118 Views

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.

submitted by /u/Darkmiclos
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