@lotoos
ETH burn rate hits a yearly low, with daily burns dropping to 210 ETH.
The daily amount of $ETH burned on the Ethereum network has reached its lowest point this year.
As of press time, the network's base fee is hovering around 1-2 gwei, marking a multi-year low and impacting the issuance of $ETH.
Due to the lower #Gas fees, only 210 ETH were burned last Saturday.
In contrast, on August 5th, when the Gas fee reached approximately 100 gwei, the daily burn rate surged to 5000 ETH.
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