More Than 1 Million ETH Have Been Destroyed Thanks to EIP-1599 Burning Mechanics

On Wednesday, crypto market data aggregation and analytics platform CryptoRank revealed one million Ehtereum (ETH) tokens have been burned since the launch of the London hard fork in early August introduced deflationary pressure along with EIP-1599. At current market rates, the value of ETH that has been forever removed from circulation is $4.46 billion.

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