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Tag: eth burned

Ethereum’s Dencun Upgrade

Executive SummaryThe Dencun Upgrade on Ethereum introduces new data storage capacities, aimed at reducing fee costs of its Layer-2 scaling solutions.The upgrade also implements...

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Ethereum Jumps to $2K as Memecoins Help Burn More ETH for Gas Fees

Ethereum jumped by around 7% overnight and reached $2,000 on some crypto exchanges. This may be due to increased burning of ETH as...

Staggering Loss: $136K Cryptopunk #685 NFT Burned Due to Investor’s Wrapping Error

Valuable CryptoPunk #685 worth 77 ETH burned due to wrapping error. Investor Riley intended to leverage NFT for funds during crypto bull run....

OpenSea Eliminates Marketplace Fee, Makes Creator Royalties Optional

NFT marketplace OpenSea said it is making some “big changes” as competition from its rivals heats up. In a tweet on Friday, OpenSea said it...

5 Positive On-Chain Signals in a Bear Market

Crypto markets have been through a whirlwind over the last few months, with several unprecedented events leading to prices dropping to new lows and...

Research: Nearly $9B worth of ETH was burned in 1.4 years

The second largest cryptocurrency by market cap, Ethereum (ETH), implemented a token burn mechanism on Aug. 5, 2021, through the Ethereum...

Almost $6B In ETH Were Burned As Ethereum 2.0 Edges Closer

Almost $6B in ETH were burned as Ethereum 2.0 gets closer and now there are more than 2 million coins destroyed in the burn mechanism introduced last year so let’s read more in today’s latest ethereum news. Ethereum’s burn mechanism is more popular than ever as the second biggest network has officially destroyed almost $6B […]

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