This VCM represents the ETH token's role as a token for blockspace purchases and the deflationary appreciation due to fee burning. Burnt fees originate from the base fees of each transaction included in a block; they are block-local and determined by historical block sizes (a size of a block is the volume of gas expended therein) and the target size. Each time a block exceeds the target size, the base fee is incremented by 12.5%.
Ethereum
eth$3,438.35
+8.67%
24h Price Range
$3,147.87
$3,452.69
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