Aug 8, 2023
Ethereum Has Burned Over 50% of All ETH Issued Since Merge, Back To All-Time High?
Over two years since Ethereum merged its proof-of-work layer with the proof-of-stake Beacon Chain via “The Merge,” the network has burned over half of all ETH issued. Ultra Sound Money data on August 7 shows that out of the over 6.5 million ETH published, the network has burned over 3.5 million ETH. At the current pace, Ethereum is torching around 1.75 million ETH annually, leading to a decrease…
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