Infinitesimal is right. Since EIP-1559 went live in August 2021, over $6.3 billion worth of Ethereum has been burned since they now burn transaction fees inste

Infinitesimal is right. Since EIP-1559 went live in August 2021, over $6.3 billion worth of Ethereum has been burned since they now burn transaction fees instead of giving them to miners. They burn about $11 million per day! This $34 million is a drop in the bucket and note that even though all that was ETH burned, the price is still below where it was when they started. https://watchtheburn.com/ https://watchtheburn.com/