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TechFlow reports, sassal.eth, founder of The Daily Gwei, stated on X that since the launch of EIP-1559, ETH worth $11 billion has been burned.
If stablecoins and stETH are excluded from the top 10 cryptocurrencies by market capitalization, the dollar amount of ETH burned exceeds the market cap of each of the other cryptocurrencies.
The Daily Gwei founder sassal.eth posted on X stating that $11 billion worth of ETH has been burned since the implementation of EIP-1559. If stablecoins and stETH are excluded from the top 10 largest cryptocurrencies by market cap, the dollar amount of ETH burned exceeds the market capitalization of each of the other cryptocurrencies.
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