On the 5-August-2021, the Ethereum London hard fork executed (at block height 12,965,000), which activated the EIP-1559 change. EIP1559 made adjustments to the Ethereum gas fee market, with a key change being the burning of the BASEFEE portion of the gas paid.

This chart presents the following traces:

• 🟢 Minted Supply: The total ETH supply issued by the protocol to miners and validators over time.

• 🔴 Burned Supply: The total ETH supply burned since EIP1559 was activated.

• 🔵 Circulating Supply: The total ETH in circulation, calculated as Minted Supply - Burned Supply.

• 🟣 Percent Supply Burned: The percent of total Minted Supply which has been burned by EIP1559.