BURNING News - Blockchain.News

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Astar Network (ASTR) Announces Tokenomics 2.0 with Enhanced Burning Mechanism
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Astar Network (ASTR) Announces Tokenomics 2.0 with Enhanced Burning Mechanism

Astar Network, a leading blockchain platform in Japan, has unveiled its Tokenomics 2.0 strategy, focusing on creating sustainable growth for its native token, ASTR.

Total ETH Burned Tops the 2M Token Benchmark Worth Over $5B
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Total ETH Burned Tops the 2M Token Benchmark Worth Over $5B

Since the London Hardfork went live in August last year, the Ethereum network and its underlying token have been operating as a deflationary protocol.

Ethereum is Burning at the Rate of 6.29 ETH per Minute
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Ethereum is Burning at the Rate of 6.29 ETH per Minute

Burnt Ether is edging closer to the 1.2 million ETH mark, given that it's burning at a rate of 6.29 ETH, approximately $24,361, per minute.

Ether’s Net Issuance Dropped from Over 4% to 0.21% Last Week
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Ether’s Net Issuance Dropped from Over 4% to 0.21% Last Week

Ethereum's supply continues to diminish based on the London Hardfork or EIP-1559 upgrade.

Ape-Themed NFT CyberKongz Leads Top Protocols in Ethereum Burning Rate
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Ape-Themed NFT CyberKongz Leads Top Protocols in Ethereum Burning Rate

CyberKongZ NFT project is stirring the highest burning rate in the Ethereum network, ahead of major platforms like OpenSea and Axie Infinity.

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