The daily supply of Ethereum is under heavy pressure as the leading smart contract platform now burns thousands of ETH per day.
Etherchain, an Ethereum on-chain monitoring tool, shows that the second-largest crypto asset is now torching 4.23 ETH per minute, which equates to 6,091.2 ETH burned per day, worth over $19 million at time of writing.
Etherchain also indicates that the network has burned a total of 54,482 ETH, worth over $172 million, since Ethereum launched the London…
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