Close to half a billion dollars worth of ethereum has been burned in less than a month as the crypto currency reaches the milestone of removing from circulation about 0.1% of its total supply in circa 25 days.
147,000 eth has been burned, worth $470 million, since the burning began on August 5th, with 263 eth ($900,000) burned just in the past hour.
The vast majority of burners are NFTs, but eth is so diverse that simple transfers are actually the minority of usage as seen in the rankings.
Simple eth transfers have burned almost as much as Tether and USDC combined, the dollar tokens.
