In a Twitter post published Wednesday, blockchain research firm CryptoRank revealed that over 1 ミリオンエーテル (ETH) 価値 $4.24 billion had been burned since the introduction of the EIP-1559 protocol in August as part of the London hard fork. The EIP-1559 protocol reformed the Ethereum fee market, modifying the limit for gas fees and introducing a burn feature that takes a portion of transaction fees on the blockchain out of circulation, to be canceled permanently.

Notable decentralized applications responsible for token burn contributions include popular nonfungible tokens, またはNFT, platform and play-to-earn NFTs game Axie Infinity. 次, transaction volume from decentralized exchanges such as Uniswap, 1インチ, and Sushiswap made up a large portion of ETH burns. ETH is also burned from transfers from stablecoins like Tether (USDT) およびUSDコイン (USDC) イーサリアムブロックチェーン上に構築. 最後に, wallet users in MetaMask and those making regular ETH transactions also contributed to most of network activity.

According to data from Ultra Sound Money, 7.67 ETH is burned every minute, とまで 11,042 ETH is burned each day. At current rates, 約 4 million ETH is burned every year. しかしながら, the blockchain currently emits about 5.4 年間百万ETH. したがって、, the Ethereum network is still inflationary on a net basis.

That’s all about to change next year as the Ethereum 2.0 upgrade goes live sometime next year, transitioning the network from a proof-of-work consensus to that of proof-of-stake, where staking rewards will be far lower than mining rewards. 結果として, it would lower the blockchain’s emission rate far below its burn rate, thereby creating a deflationary ecosystem. Ultra Sound Money projects the peak supply of ETH will hit 119.7 million in early 2022 before going on the decline.