04-19-2023, 08:29 AM
The amount of ETH burned is now #12 in market cap
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12qo1xa/the_amount_of_eth_burned_is_now_12_in_market_cap/"> <img src="https://b.thumbs.redditmedia.com/KqOnjR-kZRUfi4muBsOn0MFdChIIL6Grxoz6ZPB8E5Y.jpg" alt="The amount of ETH burned is now #12 in market cap" title="The amount of ETH burned is now #12 in market cap" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>As of today, 3.087M ETH has been burnt since EIP-1559 upgrade, totaling around $9.25B USD!</p> <p>This upgrade allowed for a part of every transaction to be burned, reducing ETH's supply and potentially boosting its price. To get the figures, I've used data from etherscan.io, which also provides a nice chart of the ETH burned so far:</p> <p><a href="https://preview.redd.it/ahycdc1panua1.png?width=1686&format=png&auto=webp&s=0e5621444b211a173edf3c7c9af528700f1daff3">Source: etherscan</a></p> <p>By taking the price of ETH in each of the days since the burn started and multiplying it by the amount of burned coins, one can get the total amount in USD.</p> <p>I was already confident with ETH, but this deflationary character being introduced made me even more prone to invest in it.</p> <p>I'm bullish long term!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/reddito321"> /u/reddito321 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12qo1xa/the_amount_of_eth_burned_is_now_12_in_market_cap/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12qo1xa/the_amount_of_eth_burned_is_now_12_in_market_cap/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12qo1xa/the_amount_of_eth_burned_is_now_12_in_market_cap/"> <img src="https://b.thumbs.redditmedia.com/KqOnjR-kZRUfi4muBsOn0MFdChIIL6Grxoz6ZPB8E5Y.jpg" alt="The amount of ETH burned is now #12 in market cap" title="The amount of ETH burned is now #12 in market cap" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>As of today, 3.087M ETH has been burnt since EIP-1559 upgrade, totaling around $9.25B USD!</p> <p>This upgrade allowed for a part of every transaction to be burned, reducing ETH's supply and potentially boosting its price. To get the figures, I've used data from etherscan.io, which also provides a nice chart of the ETH burned so far:</p> <p><a href="https://preview.redd.it/ahycdc1panua1.png?width=1686&format=png&auto=webp&s=0e5621444b211a173edf3c7c9af528700f1daff3">Source: etherscan</a></p> <p>By taking the price of ETH in each of the days since the burn started and multiplying it by the amount of burned coins, one can get the total amount in USD.</p> <p>I was already confident with ETH, but this deflationary character being introduced made me even more prone to invest in it.</p> <p>I'm bullish long term!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/reddito321"> /u/reddito321 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12qo1xa/the_amount_of_eth_burned_is_now_12_in_market_cap/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12qo1xa/the_amount_of_eth_burned_is_now_12_in_market_cap/">[comments]</a></span> </td></tr></table>