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Finance Redefined: 1M ETH burned since EIP-1559, and Dorsey drops tbDEX white paper, Nov. 19–26
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Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.
ETH is burning at a rapid rate! Read on to discover the statistics behind Ethereum’s pursuit of deflationary mechanics.
What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week, subscribe below.
Blockchain analytics platform CryptoRank shared quantitative data this week that revealed an excess of 1 million Ether (ETH), worth approximately $4.24 billion, has been burned since August’s implementation of the Ethereum Improvement Proposal 1559.
Also referred to as the London hard fork, the event marked a significant evolution of Ethereum’s fee structure, so that each
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