Ethereum network burns $395K ETH per hour after London upgrade

By cointelegraph.com on August 6, 2021

At current burn rates, 2.3 ETH per minute, or $6,600 is going up in smoke. Approximately 2.3 ETH is being burnt every minute through the new transaction fee mechanism introduced in Ethereum’s London upgrade on August 5. The highly anticipated London ...

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Related coins: Ethereum