$1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions

By Zhiyuan Sun, Despite the large burn value, the network is still inflationary until its PoS transition scheduled for Q2 or Q3. According to blockchain data from Nansen Analytics on Tuesday, over $1.096 billion worth of Ethereum (ETH) has been burned in the past month. With the introduction of the EIP-1559 last August, a portion […]

The post $1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions appeared first on Global Intel Hub.

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