According to ChainCatcher, The Block reported that the amount of ETH burned due to transaction fees on the Ethereum network dropped to 53.07 on Saturday, approximately $106,000, marking a historic low and indicating a significant decrease in demand for network block space. On-chain active addresses, transaction volume, and transaction counts have all declined in recent weeks.Data from Ultrasound.money shows that the annual supply growth rate of ETH over the past 7 days is 0.76%. Additionally, Standard Chartered has lowered its 2025 ETH price forecast from $10,000 to $4,000.

ChainCatcher message, the daily destruction of ETH on the Ethereum network has fallen to a year-to-date low. As of the time of writing, the network's base fee is hovering between 1 and 2 gwei, reaching a new low in several years, which in turn affects the issuance of ETH.Due to the low gas fees, only 210 ETH were destroyed last Saturday. In contrast, on August 5, when gas fees reached about 100 gwei, the daily destruction surged to 5000 ETH.

ChainCatcher news, according to Uniswap Labs disclosed on social media, Uniswap Routers have burned 5,342 ETH in the past 30 days, making Uniswap the project with the largest amount of ETH burned during this period.

ChainCatcher message, since the launch of EIP-1559 on August 5, 2021, the total number of ETH burned has reached 4.033 million, worth over 1.16 billion dollars at current value.

ChainCatcher news, according to the data from OKLink multi-chain explorer by OKChain, the ETH burn amount reached 5,336.77 ETH yesterday, setting a new high since May 25. Among them, the highest amount of ETH burned yesterday was from VMPX (burning 1,866.79 ETH). As of now, the total ETH burned has reached 3.4389 million ETH, worth over 6.5 billion USD. (source link)

ChainCatcher news, Ultrasound.money data shows that the Ethereum burn amount of the NFT trading aggregation market Blur.io Marketplace 2 contract has surpassed 17,000 ETH, currently reaching 17,111.86 ETH, exceeding the Ethereum burn amount of the 0x Exchange Proxy contract (17,098.99 ETH). (source link)

ChainCatcher news, according to ultrasound.money data, the total amount of ETH burned by the NFT market Blur has surpassed Chainlink and exceeded 5000 ETH, currently at 5,124.27 ETH, approximately 9 million USD. (source link)

ChainCatcher news, according to the data from OKLink multi-chain browser by OKEx, the daily destruction amount of Ethereum reached 3,040 coins yesterday, setting a new high since mid-November 2022. The net daily addition on the Ethereum chain yesterday was -1,329.69 coins. As of now, the total destruction amount of ETH has reached 2.8717 million ETH, and the current annualized deflation rate of ETH is 0.4%. (source link)