This week the Ethereum networks burn rate reached a milestone by surpassing 2 million ethereum burned worth 581 billion since August 5 2026 Metrics show the crypto network has a 24hour burn rate of 174 ether per minute which equates to roughly 5K worth of ether destroyed every 60 seconds

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Every week the newsBitcoincom inbox and that of every other crypto newsdesk fills up with press releases festooned with gratuitous use of the word blockchain Were not against blockchain technology all of our favorite cryptocurrencies are reliant on it but were vehemently against things being given blockchain that have no right to that moniker like the following examples