The EIP-1559 has been introduced 581 days ago which burns a portion of all transaction fees and since then almost a total of 3 million ETH has been burned which is roughly 4 billion dollars unless the market keeps on the dumping even more. Currently 2,978,859.90 ETH has been burned, but 3 million should be reached as well in the next couple of days. The ETH supply has also decreased by roughly 50k and is set to decrease by 0.5%-1% per year, there was a block that alone has burnt 220.94 ETH 10 months ago. Since the burn has been introduced on average 3.56 ETH has been gone forever every minute.

On that note I'm off to buy some ETH with this recent sale and never have I been more bullish on ETH.

Source: https://ultrasound.money/