More Ethereum Has Been Burned Than Minted in the Past 24 Hours EIP-1559 was supposed to bring deflationary pressure to the network. Its working. In brief EIP-1559 was a code change that allowed transaction fees to be burned. Thats placed deflationary pressure on Ethereum. The pressure has helped raise the price of ETH. By Jeff Benson Join Now @BitcoinBreaking 20.3K views07:33