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, the DEX ShibaSwap related to Shiba Inu (SHIB) has announced that it is now live on the Shibarium blockchain. Developers state that increasing transactions on the Shibarium blockchain will enhance the SHIB burn rate, thereby reducing supply.New liquidity pools have been launched on Shibarium, allowing traders to swap tokens on the network and earn a share of the trading fees from providing liquidity. Data shows that as of Thursday, ShibaSwap's TVL exceeded $25 million, with a trading volume of $1.7 million in the past 24 hours.

ChainCatcher news, the Terra Classic community has voted to pass proposals 11242 and 11243 to increase the LUNC burn rate. These two proposals aim to fund the community pool by setting the mint tax reward policy to zero and increasing Gas fees by 5 times, thereby preventing the re-minting of Terra Classic (LUNC) tokens.Specifically, proposal 11242 will set the mint tax reward policy to zero, effectively preventing LUNC from being re-minted from burns. This proposal received 95.98% of community votes in favor; proposal 11243 will increase Gas fees by 5 times, with 50% of transaction fees going into the community fund pool for developer funding. This proposal received 90% in favor and 11% against. (source link)