Ethereum’s London hard fork causes 13 ETHs to burn every minute

The update of the Ethereum network called EIP-1559 has already started, with the result that ETH is disappearing from circulation at a rapid pace.

Ethereum’s London hard fork causes 13 ETHs to burn every minute

Today is a really important day for fans of the ETH cryptocurrency, because, as you know, the so-called Ethereum’s London hard fork is currently underway.

According to several data, the innovation of the Ethereum network has already been successful, but the process that is part of it, namely the burning of part of the transaction fees and their removal from circulation, is still ongoing.

etherchain

If we look at the current situation, we can see that on average 13.48 ETH / min is burned. As for the total number of ETH burned at the time of writing, we are attacking the 2000 ETH limit.


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