#ETH# The Ethereum EIP-1559 upgrade has burned 1.99 million ETH (worth 8.8 billion USD), reducing supply and enhancing value. The Ethereum Community Foundation has launched BETH, an immutable ERC-20 Token representing the burned ETH, issued at a 1:1 ratio but non-redeemable. Currently, the issuance of BETH is only 0.457, with only 116 holders, and its market adoption and valuation remain uncertain, but co-founder Joseph Lubin expects it to be well received by the community.

ETH0.89%
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