🚨👀On the Ethereum network, the daily amount of ETH burned has fallen to its lowest level this year, largely due to the recent reduction in average gas fees.

Currently, gas fees range from 5 to 10 Gwei, which is one of the lowest levels since the beginning of the year and affects the issuance of ETH.

Reduced network fees resulted in less ETH being burned. On Sunday, the amount of ETH burned was just 610 ETH, a record low for this year, as Ethereum gas fees remained minimal.

In comparison, the daily amount of ETH burned during the first four months of this year remained above 2500-3000 ETH.