Sunday, 31 October 2021

Ether Inferno: Ethereum Network Burned Over $2.4 Billion Worth of ETH in 87 Days

Technology Manias - EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

87 days ago, the Ethereum network successfully implemented the London hard fork upgrade, and ever since then over 700,000 ether has been burned, or more than $2.4 billion using today’s exchange rates. 702,886 Ethereum Burned Since the London Hard Fork Data from Dune Analytics indicates that on October 31, 2021, otherwise known as Halloween, 702,886 ethereum (ETH) has been burned. The burning of ethereum started on August 5, 2021, when the Ethereum network successfully implemented the London hard fork upgrade and EIP-1559. At the time, the London hard fork upgrade…

The post Ether Inferno: Ethereum Network Burned Over $2.4 Billion Worth of ETH in 87 Days appeared first on Technology Manias.



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