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Ethereum Saw Its First Deflation Day On Sep 3, The Burn Volume Exceeds The Block Reward By 352 ETH
Summary: According to the statistics of ETH Burn Bot, the Ethereum network burned 13,838 ETH on September 3, and the block reward produced was 13,485, a net reduction of 352 ETH, which was the first deflationary day for ETH. Since August 5th, the daily issuance of ETH has been in a deflationary trend, the Ethereum miners' ...
According to the statistics of ETH Burn Bot, the Ethereum network burned 13,838 ETH on September 3, and the block reward produced was 13,485, a net reduction of 352 ETH, which was the first deflationary day for ETH.
Since August 5th, the daily issuance of ETH has been in a deflationary trend, the Ethereum miners' revenue from transaction fees dropped from over 90,000 ETH in July to slightly more than 66,159 ETH in August, and more than 170,000 ETH was burned in August.
Public data shows that about 15% of the ETH burned in August were transaction fees related to the on-chain activities of the NFT market Opensea.
By Mary Liu
Tags: Ethereum,OpenSea
Link: Ethereum Saw Its First Deflation Day On Sep 3, The Burn Volume Exceeds The Block Reward By 352 ETH [Copy]
