how much ETH was burned
Here is why strong post-Merge fundamentals could benefit Ethereum price
The shift of the Ethereum blockchain to a proof-of-stake (PoS) protocol opened new opportunities for developers and investors to explore, including the burning of Ether (ETH). Now, Ethereum transactions are validated through staking rather than mining. Staking impacts the supply and price dynamics of Ether in ways that are different than mining. Staking is expected to create deflationary pressure on Ether, as opposed to mining, which induces inflationary pressure. The increase in the total amount of funds locked in Ethereum contracts could also push ETH’s price up in the long term, as it affects one of the fundamental forces that determine its price: supply. The percentage of newly issued Ether versus burned Ether has increased by 1,164.06 ETH since the Merge. This means that sin...
