It’s a Monday, ETH made its way into the 3 thousands. Feels good to be back. EIP 1559’s been active for 5 days now and so far we’ve burnt 16,602.65 ETH which is the equivalent of 48.749.531,06 United States Dollar. And by the time i’ve said that we’ve already burnt a few more ether but the point is ETH now has a decreasing supply, aka it’s ultrasound money. But technically not yet since 2 ETH is still being rewarded to miners on each new block. So we’re essentially decreasing inflation by some percent until further notice.
#TheDefiant #DeFi #Decentralized #Finance #Blockchain
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