The supply of Ethereum decreased by 33,000 coins this week, equivalent to approximately $125 million

IntoTheBlock data shows that Ethereum’s fee revenue exceeded $190 million this week, bringing its annualized fee revenue to more than $10 billion for the first time since early 2022. Due to Ethereum’s fee burning mechanism, this also has an impact on the supply, which decreased by 33,000 Ethereum coins this week, which is equivalent to approximately $125 million.