Analysis of Ethereum Supply and EIP1559 Burn Mechanism
Publication Time:2024-08-26 14:06:10
Latest data shows that the circulating total supply of Ethereum (ETH) is close to 122,373,866 tokens. Among these, 2,289,343 tokens have been used to support the Proof of Stake (PoS) consensus mechanism. These tokens serve as staking collateral, contributing to the security and stability of the network. Additionally, EIP 1559, the fee burn mechanism in the Ethereum Improvement Proposal, has successfully executed and burned approximately 4,364,947 ETH. This mechanism optimizes transaction fee structures by dynamically adjusting base fees and maximum transaction volumes, while also permanently destroying part of the transaction fees, helping to alleviate high gas fees issues and enhance overall network efficiency.
Ethereum
EIP1559
Supply
PoS Staking
Burn Mechanism