The Right Place to Buy, Earn, Exchange and Borrow against Your Crypto.

Get Started
Over 4,000 ETH burned hours after EIP-1559 upgrade Over 4,000 ETH burned hours after EIP-1559 upgrade

Over 4,000 ETH burned hours after EIP-1559 upgrade

The Ethereum network underwent one of its most crucial upgrades last night. And things are going as planned so far.

Over 4,000 ETH burned hours after EIP-1559 upgrade

Cover art/illustration via CryptoSlate

Over 4000 ETH have been ‘burned’ just hours after the ambitious EIP-1559 upgrade was rolled out on the Ethereum network, data from multiple sources shows.

The burned stash is worth over $11 million at press time, representing a tiny portion of the asset’s $325 billion market cap.

To read the rest of this article, sign in or join CryptoSlate Edge.

Get an Edge on the Crypto Asset Market

As the crypto market is constantly changing, CryptoSlate Edge is a yearly membership oriented to helping you become a more knowledgeable investor and better decision-maker.

Here's what's included in your membership:
Exclusive Articles

Get an analytical edge by accessing members-only articles with insights from our researchers.

Private Discord Community

See new articles first and be able to ask our journalists questions in our private Discord.

View All Projects and Sectors

Discover projects and crypto sectors with our curated data for over 50 verticals.

Improved Data & Analytics

See the real=time price charts, social sentiment and on-chain data in market analysis articles.

Exclusive Video Interviews

Get access to the exclusive recordings of our interviews with founders we use for our articles.

Ad-Free Experience

We hide all advertisements from Edge members for a clean experience.

Pay with Crypto ($228)