In recent times, the attention from the blockchain community towards Ethereum has remained high, particularly since the implementation of the Ethereum Improvement Proposal (EIP) 1559. This has sparked considerable interest in the cryptocurrency's economic model and its supply dynamics. As per the latest data from Etherscan, as of a specific point in time, the total supply of Ethereum (ETH) stands at approximately 122,373,866 tokens. Out of these circulating tokens, around 2,222,244 have been staked through the Proof of Stake (PoS) mechanism, signifying that this portion of tokens is temporarily out of circulation, contributing to the security of the Ethereum network. Simultaneously, the implementation of EIP1559 marks a significant advancement for Ethereum in reducing transaction fee volatility and enhancing network efficiency. The protocol introduces a mechanism for base fees and priority fees, significantly improving the transparency and predictability of transaction costs. Following the implementation of EIP1559, about 4,350,763 ETH have been successfully burned, not only demonstrating the protocol's effectiveness in optimizing resource utilization but also positively impacting the long-term value of Ethereum. As Ethereum continues to evolve and mature, it is expected that more innovative mechanisms and features will be introduced, further driving the application and development of blockchain technology.