EIP-1559 Getting Hot as Burns Crosses 1M ETHNov 24, 2021
Over 1M ETH has been burned since the EIP-1559 implementation that resulted in the base fee portion of every transaction being burned.
OpenSea interactions accounted for ~11% of the ETH burned due to the NFT bull season in August and September. However, as the NFT hype slows, OpenSea’s burn took a hit as well.
Over the past 30 days, DEXes have dethroned OpenSea as the most ETH-burning the Dapp. Uniswap (V2+V3) alone is responsible for ~18.5% of ETH burned in the past 30D.