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The Daily Hodl
2023-03-09 10:15:57

$77,588,814 in Ethereum Burned As ETH Transforms Into Deflationary Crypto Asset

$77,588,814 in Ethereum Burned As ETH Transforms Into Deflationary Crypto Asset

The supply of the second-largest crypto asset Ethereum (ETH) is deflating, thanks to the success of a major upgrade known as EIP-1559. New numbers from Ultrasound.Money show 50,317 ETH worth $77.5 million has burned since the upgrade went into effect in August of last year. The overall supply of ETH began to reverse in January, The post $77,588,814 in Ethereum Burned As ETH Transforms Into Deflationary Crypto Asset appeared first on The Daily Hodl .

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