ETH Burns Can Further Heat Up On Monday, we spoke about EIP-1559 burns amounting to 17,000 ETH ($53...in cumulative burns....The old style of Ethereum transactions where miners receive the entire fee now co-exists with EIP-1559...’s burn-and-tip transactions....ETH burns, Axie's inflection point, and DeFi narratives.

...more value accretive to ETH holders via a fee burn mechanism. ...As more transactional activity occurs on Ethereum, more ETH is burned. ...We’ll assume a 50% burn rate throughout the rest of this report....For now you can track the burn on the Ropsten testnet. ..., even if it does lead to less ETH being burned as a result.

The DAO will then burn the BIT contributions.

📊 stETH on Ethereum Bridges Skyrockets Lido Finance deployed on Aribtrum and Optimism on Oct. 7...Since then, the amount of stETH held in Ethereum bridges has surged by over 700%....If the protocol asks an NFT to burn more DYAD than it has in its balance, that particular NFT becomes...

However, I simplified what Ethereum will actually do....Instead, Ethereum will use a 2D KZG scheme....Ethereum will pivot to Verkle tries for state storage....This concludes your Ethereum crash-course....Ethereum’s roadmap has this vision square in its sights....Ethereum's roadmap is a lot to keep track of.

This front-running activity caused a lot of ETH to be burned....Over the seven-hour period shown in the chart, 68K ETH (~$190M) was burned, most of which was due to...As a tip for users minting NFTs, one can consider using “Flashbots Protect RPC” for Ethereum as the failed...

GIP-35 3m Supply: Continuing a proposal we highlighted in a previous issue, Gnosis is voting on burning...Treasury GNO represents 70% of the total supply, and the burn will reduce the supply of GNO to 3m....EnterDAO talks about a buy and burn, although the team feels it’s too early.

Kaili.eth proposes a new token standard that would bring governance-decided reversible transactions to Ethereum...Bancor is voting to implement a significant burn mechanic in their Vortex v3 vault....The burn will occur if and when the Vortex accrues 1m BNT tokens....Bancor is conducting this burn as a test to see if it has a positive impact on BNT price.

The biggest tailwind that’s driving this phenomenon is hot money searching for higher yields on Ethereum...Gas Price Ticks Up, ETH Burning Follows Ethereum’s median gas price has climbed beyond levels we saw...Since the implementation of EIP-1559, OpenSea leads the way as the #1 contributor to ETH burning.

Chart of The Day: LUNA Burns in 2022 For those unfamiliar with the relationship between LUNA and UST...Each UST minted requires an equivalent dollar amount of LUNA to be burned, with the redemption function...UST’s impressive growth of $6.5B in supply YTD has resulted in a continuous burn of LUNA supply, with...

The Merge is less than 24 hrs away, and the Ethereum Foundation is live streaming a watch party on YouTube...📊 ETHW Plummets After Bellatrix Upgrade Is Activated on Ethereum Since the Bellatrix upgrade was...Currently, each Ethereum node is represented on two layers, the consensus layer (running proof-of-stake...

Today, we take a look at the surging daily transactions on Ethereum L2s, while our Research team provides...📊 Transactions on Arbitrum & Optimism Inch Closer to Ethereum On Jan. 7, the combined daily...transactions on Arbitrum and Optimism totaled 942K, only 16K transactions short of Ethereum’s 958K.

Columbus-5, Burn Baby Burn Terra’s highly anticipated Columbus-5 upgrade went through on Sept. 30....The most significant change to the token economics was the decision to burn LUNA permanently instead...In addition, LUNA that had previously been sent to the community pool was burned to the tune of ~23.4m...for Ethereum.

Innovation on Ethereum continues at a torrid pace thanks to the composability of lego blocks built in...

A breakdown of ETH's market structure, fundamentals, and key upcoming catalysts....

The ebbs and flows in stablecoin supply are primarily caused by USDC’s massive mints and burns....In our previous daily, we highlighted how USDC supply overtook USDT supply on Ethereum....ETH Burns, Lowest Emission Month Incoming Ethereum burns from EIP-1559 flared up in the month so far...

ETH Burn Leaderboard Since EIP-1559 went live, OpenSea, Uniswap v2 & Axie Infinity’s bridge contract..., Tether and Uniswap v3 were the top 5 smart contracts responsible for burning the most ETH....A staggering 85,000+ ETH has been burned in less than 3 weeks! ?...OpenSea alone is responsible for ~11,200 ETH burned so far and is leading Uniswap v2 (~6,300 ETH) by...

We dive into the kick-off of the multi-year transition to ETH 2.0. The launch has partially fueled an ETH rally for which we dig into deeper and we also cover the growth of DeFi underpinning the succe...

USDC Flips USDT on Ethereum USDC has gradually become Ethereum’s most popular stablecoin, as it eclipses...For the most part, USDC’s goodwill in the Ethereum ecosystem has been driven by uncertainty around Tether...

In this report, we take a look into some of Ethereum’s strengthening fundamentals to go along with the...latest trends across DEXs, stablecoins, notable apps on Ethereum and more....In this report, we analyze the increased usage on Ethereum and explain the impacts of the continuation...