Cryptocurrency Q&A
How much ETH was burned?
How much ETH was burned?
CryptoWanderer
Thu Nov 21 2024
|
6 answers
1037
I want to know how much ETH has been burned. I'm curious about the amount of Ethereum that has been removed from circulation through the burning process.
6 answers
Federica
Sat Nov 23 2024
The Ethereum network has seen a significant amount of ETH burned over time.
Was this helpful?
221
63
CryptoPioneer
Sat Nov 23 2024
As of August 5, 2024, the total number of ETH burned since the beginning of the year stands at 465,651.
Was this helpful?
195
22
Carlo
Fri Nov 22 2024
This figure represents a substantial portion of the Ethereum supply that has been permanently removed from circulation.
Was this helpful?
86
36
CryptoQueen
Fri Nov 22 2024
The burning of ETH is a result of the implementation of EIP-1559, a significant upgrade to the Ethereum network.
Was this helpful?
211
29
Lucia
Fri Nov 22 2024
EIP-1559 was introduced in June 2021, with the aim of improving the efficiency and sustainability of the Ethereum network.
Was this helpful?
160
54
Load 5 more related questions
