{"id":48914,"date":"2021-09-05T14:33:05","date_gmt":"2021-09-05T11:33:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48914"},"modified":"2025-09-02T09:51:57","modified_gmt":"2025-09-02T06:51:57","slug":"ethereum-daily-issuance-turns-negative-for-the-first-time","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-daily-issuance-turns-negative-for-the-first-time\/","title":{"rendered":"Ethereum daily issuance turns negative for the first time"},"content":{"rendered":"<p>On 3 September, Ethereum&#8217;s daily issuance first turned negative after the London hard fork activation. On Friday the supply of the second-largest cryptocurrency by market capitalization declined by about 353 ETH.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">13,838.3717 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> burned \ud83d\udd25\ud83d\udd25\ud83d\udd25\ud83d\udd25\ud83d\udd25 yesterday.<\/p>\n<p>Issuance: 13,485.5000 ETH<br \/>Net Change: -352.8717 ETH<br \/>Annualized: -0.11% \ud83d\udcc9<\/p>\n<p>2021-09-03 00:00-24:00 UTC<br \/>Last Block: 13155888<\/p>\n<p>Cumulative \ud83d\udd25: 188,644.5521 ETH<\/p>\n<p>\u2014 ETH Burn \ud83d\udd25 Bot \ud83e\udd87\ud83d\udd0a (@ethburnbot) <a href=\"https:\/\/twitter.com\/ethburnbot\/status\/1433944576532779014?ref_src=twsrc%5Etfw\">September 4, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to ETH Burn data, the daily issuance amounted to about 13,485 ETH. Over the same period, the network burned 13,838 ETH.<\/p>\n<p>As part of the London upgrade, which <a href=\"https:\/\/u1f987.com\/en\/news\/ethereums-london-hard-fork-goes-live\">was activated<\/a> on August 5, introduced EIP-1559, envisaging burning a portion of transaction fees. As of writing, 203,177 ETH had been burned, according to <a href=\"https:\/\/ultrasound.money\/\">ultrasound.money<\/a>. The value of these coins is estimated at $797.3 million.<\/p>\n<p>The protocol burns about 4.56 ETH every minute. The largest burner by the amount of coins burned is the <span data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFT<\/span> marketplace OpenSea \u2014 the platform has burned more than 31,700 ETH (~$124.4 million). For comparison, the decentralized exchange Uniswap v2 burned 11,994 ETH (~$47 million).<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"703\" height=\"672\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/burn-2.png\" alt=\"Ethereum daily issuance turns negative for the first time\" class=\"wp-image-148255\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/burn-2.png 703w, https:\/\/u1f987.com\/wp-content\/uploads\/burn-2-300x287.png 300w\" sizes=\"auto, (max-width: 703px) 100vw, 703px\" \/><figcaption>Data: <a href=\"https:\/\/ultrasound.money\/\">ultrasound.money<\/a>.<br \/><\/figcaption><\/figure>\n<p>Earlier there were <a href=\"https:\/\/u1f987.com\/en\/news\/since-london-activation-ethereum-has-burned-nearly-100-million-worth-of-eth\">instances<\/a> where, on the hourly time frame, the protocol burned more coins than it issued. <\/p>\n<p>Earlier, experts <a href=\"https:\/\/u1f987.com\/en\/news\/expert-ethereum-miners-revenues-to-fall-20-30-after-london-hard-fork\">predicted<\/a> that activation of EIP-1559 would reduce Ethereum miners&#8217; revenue by 20-30%. However, in August their earnings <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-miners-revenue-rose-60-in-august\">rose by 60% to $1.65 billion<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 3 September, Ethereum&#8217;s daily issuance first turned negative after the activation of the London hard fork. On Friday the supply of the second-largest cryptocurrency by market capitalization declined by about 353 ETH.<\/p>\n","protected":false},"author":1,"featured_media":48915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46],"class_list":["post-48914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48914"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48914\/revisions"}],"predecessor-version":[{"id":48916,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48914\/revisions\/48916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48915"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}