David Hoffman, an Ethereum fanatic, tweeted {that a} staggering 10,300 ETH had been burned, with about half of that quantity consumed by Uniswap trades. The rise in ETH burning is because of the current memecoin season going down predominantly on the Ethereum mainnet, inflicting gasoline charges to rise and resulting in extra ETH being burned.
In response to crypto analyst Mercek, the availability of ETH has decreased by 0.80% within the final 30 days, with the continued meme season probably doubling the burn price.
