Since Ethereum Improvement Proposal (EIP) 1559 went live on the mainnet on August 5, 2021, the value of the burned Ethereum (ETH) has exceeded the $2.4 billion mark. According to data shared by ETH Burn Bot, the number of Ethereum destroyed as of last night has exceeded 600,000.
Since Ethereum has seen over $4,000 on crypto asset trading platforms, the total value of ETH burned is equivalent to $2,406,906,000.
Last month, Ethereum network users paid more than $1,000,000,000 in-network fees. 82.45% of these wages were burned.