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$5.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 Months

.8 Billion Burned: Second Largest Crypto Network Records 2 Million Ethereum Destroyed in 7 MonthsThis week, the Ethereum network’s burn rate reached a milestone by surpassing 2 million ethereum burned worth $5.81 billion since August 5, 2021. Metrics show the crypto network has a 24-hour burn rate of 1.74 ether per minute, which equates to roughly $5K worth of ether destroyed every 60 seconds. 2 Million Ethereum Burned, More […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States

Ethereum After 1559: Network Nears 2 Million ETH Burned Worth Over $6.9 Billion

Ethereum After 1559: Network Nears 2 Million ETH Burned Worth Over .9 BillionApproximately 205 days ago, the Ethereum network upgraded via the London hard fork which implemented the packaged Ethereum Improvement Proposal (EIP) 1559. Since then, the EIP-1559 upgrade made it so a fraction of gas is destroyed during the transaction process and to date, 1,915,220 ether has been burned worth over $6.9 billion using today’s exchange […]

Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States