From Investing.com:

Uniswap burned 9,001 ETH in the last 30 days, solidifying its role in the Ethereum ecosystem and impacting the coin’s scarcity. This was made possible by EIP-1559, which introduced a transaction fee burn for every operation on the network. While Uniswap’s contribution to the burn rate highlights its dominance, the immediate impact on Ethereum’s price is minimal. However, over time, the deflationary mechanism is expected to support ETH’s price. Other factors, such as utility, adoption, and market sentiment, also affect Ethereum’s value. Currently, Ethereum is facing competition from Solana, and its price action remains challenging, with support around $2,400.



Read more: Here’s Who Burned 9,001 ETH in Last 30 Days By U.Today