One year after moving to PoS, 300k ETH were burned!

Hi HODLers, Lions and Hiveans,

Ethereum moved to Proof of Stake (POS) almost a year ago: on September, 15th.

As the transition was quite smoothed and we got used to getting that juicy yield of between 3-4% and having many easy to access services such as Centralized Exchanges / DEX solutions or even some TradFi apps such as Revolut offering acces to an easy stacking solution.

Since then:

• 680k $ETH were minted
• 980k $ETH were burned.

We burned 300k Ethereum in a single year or approximately 0.25% of the current supply. Impressive and truly deflationary!

Image Source

"The reduction of gas [transaction] fees now appears to be the critical missing building block that the next upgrade – called EIP-4844 is trying to solve,"

Thie EIP waims to reduce gas fees and increase transation throughput by introducing blobs for data. This upgrade should happen later this year.

In the meantime, enjoy the juicy yields!

Source

Stay safe,

Latest articles

• Interest rates are starting to break things!

• The Economy is slowing down. Here is how to take advantage of the coming drop!

• Investors (as myself) are flowing into Money Market and Bond Funds!

• Finally voted for @Leofinance's proposals for the "Everything App"!

Posted Using LeoFinance Alpha