How many ETHs were burned?As of April 2023, a total of 108140 have been destroyedETHThis is the monthly historical high since June 2022 (122074 Ethereum coins). This represents a 17
How many ETHs were burned?
As of April 2023, a total of 108140 have been destroyedETHThis is the monthly historical high since June 2022 (122074 Ethereum coins). This represents a 17.5% month on month (MoM) growth since March 2023, when 92057 Ethereum coins were burned.
On a quarterly basis, a total of 242001 Ethernet coins were destroyed in the first quarter of 2023, which is a new quarterly high since the second quarter of 2022 (457284 Ethernet coins). Compared to the fourth quarter of 2022, it increased by 50.9% month on month, when 160386 Ethereum coins were burned. Ethereum's destruction volume has remained stable and continues to grow, with an average month on month growth rate of 4.1% over the past 12 months.
Are there more ETHs destroyed than created?
After six months of successful merger and upgrade, ETH's destruction rate exceeded the emission rate. In April 2023, a net of 9643 Ethereum coins were destroyed and 98497 Ethereum coins were minted. The monthly net destruction volume was first confirmed in October 2022, with a net destruction volume of 4765 Ethereum coins.
On a quarterly basis, the first quarter of 2023 was the first quarter of net destruction, with a net destruction of 74373 Ethereum coins. This milestone marks a significant change in Ethereum's inflationary supply pressure, with net emissions of up to 1 million Ethereum tokens in the third quarter of 2022 alone.
Which protocol burned the most ETHs?
UniswapIt is still the largest protocol that burns the most ETH, with a total of 21479.9 Ethereum burned in April 2023. This marks a 100% growth, burning 10726.8 Ethereum coins in March 2023.
The ETH destruction volume of Uniswap has increased, especially with trading on exchangesThe emergence of memecoins.
The second protocol with the highest total burn volume is XEN, which burned 4738.4 Ethereum coins in April 2023. This represents a month on month growth of 987%, burning 435 Ethereum coins in March 2023. The significant increase in ETH burning can be attributed to the popular token of recovery.
USDTRanked third with 4497.0 ETH destroyed, followed byBlur, destroyed 2452.2ETH. The remaining protocols in the top 8 burn less than 2000 ETH each. MetaMask destroyed 1982.8ETH, followed by1inchDestroyed 1484.6ETH,USDC1149.5ETH was destroyed, while OpenSea destroyed 13.2ETH.
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