DeFi NewsETH Burns and a Price Surge After EIP-1559 Executes
The Ethereum market is on fire, at least proverbially speaking. Over the first eight hours since EIP-1559 was implemented, thus changing the transaction fee mechanism of Ethereum, 2,458 ETH, or $6.9M at ETH’s current price of around $2.8K, had been burned. The proposal, which went into effect with the London hard fork at 8:34 am…
Dan Kahan •