EthHub co-founder: Since the launch of EIP-1559, $11 billion worth of ETH has been burned
EthHub co-founder sassal.eth posted on the X platform that since the launch of EIP-1559, $11 billion worth of ETH has been burned. Excluding stablecoins and stETH from the top 10 crypto assets by market capitalization, the dollar value of ETH burned exceeds the market capitalization of every other crypto asset outside the top 10.
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Data: If ETH breaks through $3,353, the total short liquidation intensity on major CEXs will reach $1.11 billions.
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