The latest surge in Ethereum gas fees has significantly increased the rate of excess fee burn on the network, briefly making ether (ETH) a deflationary asset. At the time of writing more than 26k ETH has been burned. EIP-1559 Takes Effect Despite initial push backs from some Ethereum miners, the EIP-1559 went live alongside the
Source and More information: Ethereum (ETH) Transaction Fee Increase Accelerates Gas Fee Burn Rate
Author: BTCManager.com
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