Ultrasound. According to money data, $400 million worth of Ethereum was burned by OpenSea.
OpenSea burned more than 100 thousand ETH with a 10% burn. OpenSea has burned 100,854 ETH, which equates to about $400 million.
Ethereum, the only source of coin burns that came close to the OpenSea NFT market were daily Ethereum transactions.
Leading coin burning platforms include Uniswap, Tether, and MetaMask. Smaller burns often happen on decentralized exchange routers, token and swap protocols.
Current Ethereum issuance has been reduced by 50% previously, at 5.4 million Ethereum per year. The current burn rate is 3.2 million Ethereum per year.
At the time of writing, Ethereum is up 1% daily growth. It was trading at $ 4,684 with 23. The second largest cryptocurrency has withdrawn 3.6% from ATH.