Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to  Billion in Ether Destroyed – Technology Bitcoin News

Ethereum Has Burned 1.2 Million ETH in 4 Months, Close to $5 Billion in Ether Destroyed – Technology Bitcoin News

With three days left until the end of 2021, the Ethereum network and its native token ether have had a phenomenal year as ether has increased more than 450% in value in 12 months. 145 days ago, on August 5, the Ethereum network implemented the London hard fork and since that day, 1,283,226 ether worth close to $5 billion has been burned.

Burning $5 Billion in Ether in 4 Months

Around four months ago, Ethereum implemented the London upgrade which added a number of new rule-sets to the…


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