$ETH, the 2nd-largest crypto by market cap has seen more than 5% price rise in the past 24 hours, & currently trading at $1974.11k, with market cap of $226.46B, as per Gate.io trading chart.
Data from a renown ETH enthusiast, David Hoffman shows a record 10,300 ETH was burned in 24 hours, with almost half of that spent through Uniswap trades, as well as the current memecoin season, primarily taking place on the Ethereum mainnet and driving gas fees up, resulting in higher ETH consumption.