Since EIP 1559 Activation, 600,000 Ethereum (ETH) Has Been Burned

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.

ETH Burn Bot

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.

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