1 billion ETH burned after London Update

Uğur Bayram

Sep 15, 2021

The amount of ethereum burned since the London update arrived has exceeded $1 billion.

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The amount of ethereum burned since the London update arrived has exceeded $1 billion.
According to some data, the amount of ethereum burned was 303,781 ETH, which, when calculated according to its value, exceeds 1 billion dollars.
With the update, the transaction fee system has been changed and gas calculations have become better.
Currently, the burn rate is 5 ETH per minute and 26 million ETH per year.

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