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1 Billion Bucks Burned in Ethereum Gas Fees

Sep 15 · 4 min read

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EIP-1559 has reached a new milestone recently. As of September 15th, approximately 297 thousand units of Ethereum have been burned due to how EIP-1559 changed gas fees. With a going rate (today) of around $3,440 per ETH, that equates to more than 1 billion dollars worth of value.

Impressive milestone, to be sure.

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