ETHtransfers

According to reports, according to Ultrasound data, up to now, a total of 2992206.89 ETHs have been destroyed by Ethereum. Among them, OpenSea destroyed 230050.33 ETHs, ETHtransfers destroyed 263666.61 ETHs, and Uniswap V2 destroyed 150916.41 ETHs. The Ethereum network has destroyed nearly 3 million ETHs Analysis based on this information:Ethereum is known for its complex infrastructure that allows developers to create decentralized applications (dApps) and smart contracts. However, it also has a feature that some might consider paradoxical: the ability to destroy its native currency ETH. According to recent reports, Ethereum has destroyed a total of 2992206.89 ETHs up to this point, which is a considerable amount of cryptocurrency considering that currently (as of August 2021), one ETH is worth around $3,000. Why would Ethereum destroy its own currency, you may ask? The answer is that when users utilize Ethereum’s network to make transactions or execute smart contracts, they have to pay a fee in ETH. This fee, called gas,…