ETH Burn LeaderboardAug 24, 2021
Since EIP-1559 went live, OpenSea, Uniswap v2 & Axie Infinity’s bridge contract, Tether and Uniswap v3 were the top 5 smart contracts responsible for burning the most ETH. A staggering 85,000+ ETH has been burned in less than 3 weeks! 😱
OpenSea alone is responsible for ~11,200 ETH burned so far and is leading Uniswap v2 (~6,300 ETH) by a sizeable margin. Most Ethereum gas spikes also happen due to NFT minting or PFP launches. This leaves little doubt that the current NFT / Gaming cultural hype cycle contributes heavily to ETH burns.