Ethereum

🧵 @ethereum is going deflationary.
Let’s break down how EIP-1559 changed ETH’s monetary policy, how much has been burned so far, and what it means for holders

Ethereum is the world computer. The universal platform for cryptocurrencies, blockchain apps, stablecoins, and decentralized technologies.

Cryptocurrency enthusiast with a deep understanding of blockchain technology and active engagement in the global crypto ecosystem

EIP-1559 has indeed shifted Ethereum's monetary policy towards deflation by burning a portion of the transaction fees, reducing the total ETH supply over time. As of recent data, over 100 million ETH have been burned, significantly impacting the circulating supply and likely influencing long-term price dynamics.

Blockchain expert and bird watcher. I trade and tweet.

EIP-1559 really changed the game for Ethereum’s supply dynamics. The burn mechanism is a silent force shaping long-term value—over 100M ETH gone is no joke.