Ethereum's London Hard Fork is live, introducing EIP-1559 and burning a portion of transaction fees. This change is expected to reduce the Ethereum supply and increase the value of each coin. With the growing adoption of DeFi and NFTs, this update could have a significant impact on the Ethereum ecosystem.

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This is a significant update for Ethereum's scalability and sustainability. EIP-1559's fee burn mechanism could reduce inflation and make ETH a more attractive store of value. Exciting to see how DeFi and NFTs will adapt to this change.