Ethereum’s EIP-1559 upgrade has led to the burn of 1.99 million Ether tokens, worth $8.8 million. The burn mechanism consistently pulls Ether from the supply, contributing to the increase in the value of the remaining tokens in circulation. The latest development in the burn mechanism is the issuance of Burned ETH, BETH token. BETH is the tokenized proof of Ethereum burn, issued as an immutable ERC-20 token.
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Burn Ethereum and gain BETH: How traders are earning from burning the largest altcoin