These easy-to-use tools allow users to monitor the EIP 1559 effects on regular basis.
Ethereum enthusiasts are optimistic about early effects of London’s hard fork. The burning of Ethers is increasing at an alarming rate, and crypto novices can now follow the process 24 hours a day.
To track the impact of EIP 1559, several monitoring tools were released. One of them is ETH Burn bot that provide updates after every hour.
ETH Burn bot displays the most important metrics about the Ethereum burning process. Number of ETH burned in last hour. It shows the number and percentage of ETH coins that were destroyed during the past year, as well as the amount of Ether created (mined) during the same period. The bot also calculated the annual increase or decrease in Ether supply.
169.1059 $ETH burned 🔥🔥🔥 last hour.
Issuance: 566.0000 ETH
Net Change: +396.8941 ETH
Hour: 2021-08-09 11:00 UTC
Last Block: 12990784
— ETH Burn 🔥 Bot 🦇🔊 (@ethburnbot) August 9, 2021
The burned Ether bot is another automatic tracking bot that displays the current base fee, average miner tip as well as the total amount of ether burned and its value in US dollars.
#Ethereum Burn Update
Current Basefee: 40.2 Gwei
Avg Miner Tip: 3.78 Gwei
Total burnt $ETH: 17138.76 ETH
— Burned Ether 🔥🔊🦇 (@BurnedEth) August 9, 2021
Ethereum enthusiasts can also use https://ethburned.info/ that shows the total amount of ETH that has been destroyed over the past hour, day, minutes or per block with the aid of a chart.