The average daily burn recently declined to a record low of 1,206 ETH per day. That’s barely 9% of the record daily burn of 13,269 ETH registered in January. Meanwhile, 13.6 million ETH, amounting to 12% of the circulating supply of 120 million ETH, are locked in the Beacon Chain, according to data tracked by blockchain analytics firm Glassnode.
Related posts
-
Crypto Execution-Only Platform Crossover Markets Raises $12M
Illuminate Financial founder Mark Beeston will join Crossover’s board of directors. Existing investors include Flow Traders,... -
Ron Wyden on FISA Reform and Crypto
At home, the issue that I know, will present as the second word is bill, it... -
Ethereum Price Faces Recovery Hurdle: Examining The Roadblocks Ahead
Ethereum price started a recovery wave from the $3,230 zone. ETH climbed above $3,350, but it...