ETH Burns Can Further Heat Up On Monday, we spoke about EIP-1559 burns amounting to 17,000 ETH ($53...Just two days later, 10,000 more ETH has been burned, taking the total up to 27,000 ETH or $88 million...in cumulative burns....’s burn-and-tip transactions....As the rate of adoption grows, it seems logical to expect ETH burning to steepen.

ㅤ A good analogy is an institutional execution lane within Ethereum....ETHGas operates outside Ethereum’s core protocol, while the resulting blocks remain subject to Ethereum...under normal Ethereum consensus....Settlement remains public on Ethereum.

Ethereum’s limitations today are not solely a function of raw capacity alone.

📊 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.

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...

The DAO will then burn the BIT contributions.

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...

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.

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...

...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.

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.

And yet ZK rollups (ZKR) and zkApps are forced to play along while burning millions in gas....Meanwhile, Ethereum is going all-in on ZK....Over the past couple of years, ZK protocols (mostly rollups) have burned over $55M in gas just to verify...and post proofs on Ethereum....Yet rollups and zkApps keep burning millions to play along.

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...

📊 Ethereum Futures Funding Rates Decline as Traders Turn Bearish Funding rates for perpetual futures...For more on post-Merge Ethereum, Delphi members can read our Delphi Pro report here.

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...

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

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