Ethereum Network Hits Record Low Burn Rate: Just 53.07 ETH Destroyed in a Single Day as Block Space Demand Plummets

Crypto

Last Saturday, the Ethereum network burned a mere 53.07 ETH in a single day, equivalent to approximately $106,000 at current prices, marking a historic low. This figure underscores a significant decline in demand for Ethereum’s block space, signaling a notable slowdown in network activity. Since the implementation of the EIP-1559 upgrade in August

Ethereum Network Hits Record Low Burn Rate: Just 53.07 ETH Destroyed in a Single Day as Block Space Demand Plummets

Crypto

Last Saturday, the Ethereum network burned a mere 53.07 ETH in a single day, equivalent to approximately $106,000 at current prices, marking a historic low. This figure underscores a significant decline in demand for Ethereum’s block space, signaling a notable slowdown in network activity. Since the implementation of the EIP-1559 upgrade in August

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