According to data from The Block Pro, a total of 72,117 ETHs were destroyed on the Ethereum network in August, worth $126.5 million.
Data shows that Ethereum has been in a state of deflation since January 2023. Since the implementation of EIP-1559 in early August 2021, Ethereum has destroyed a total of about 3.58 million ETH, worth about 10.17 billion US dollars.
In August, the transaction volume of the NFT market on the Ethereum chain continued to decline, reducing to about 391 million US dollars, a drop of about 8%. Among them, Blur, a new NFT market, surpassed OpenSea for the seventh consecutive month in terms of monthly transaction volume and other indicators.