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Data: 913,000 ETH worth $3.4 billion has been irreversibly burned, representing 0.76% of the current circulating supply.
BlockBeats News, July 21st, Coinbase Product Manager Conor Grogan's data released on Sunday showed that the amount of Ethereum (ETH) permanently lost due to user errors and code vulnerabilities has reached 913,111 ETH (approximately $3.43 billion), accounting for 0.76% of the current circulation. If we include the 5.3 million ETH burned by the Ethereum Improvement Proposal EIP-1559 in 2021, the total actual loss has reached 6.2 million ETH (worth $23.4 billion), increasing the percentage to 5%.
Conor Grogan emphasized that this $3.4 billion is only the ETH permanently locked up, excluding cases of accessible but practically lost ETH due to private key loss, among other reasons.
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