Nearly 300,000 Ethereum—worth over $1 billion at today’s prices—have been burned since the launch of the “London” upgrade, also known as EIP-1559, in early August. According to Ethereum metrics website Watch the Burn, a total of 298,000 ETH has been taken out of circulation since August 5. At the time of writing, the number two cryptocurrency was trading at around $3,432, per CoinGecko, so that’s $1.022 billion worth of tokens destroyed in less than six weeks. At press time, around 5 Ethereum—worth just over $17,000—are being burned every minute. Currently, popular non-fungible token (NFT) marketplace OpenSea is the ... (full story)