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More Ethereum Has Been Burned Than Minted in the Past 24 Hours | .

More Ethereum Has Been Burned Than Minted in the Past 24 Hours

EIP-1559 was supposed to bring deflationary pressure to the network. It's working.

In brief

EIP-1559 was a code change that allowed transaction fees to be burned.

That's placed deflationary pressure on Ethereum.

The pressure has helped raise the price of ETH.

By Jeff Benson

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