On Fire
Intermediate
Daily Bits
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The bulls are in town and you’d better believe it. The price of Bitcoin has reclaimed $45k and started a fresh rally, eyeing $48k in the near term. Ether has established a firm foothold above $3,000 and is gearing for another lift-off. The EIP 1559 upgrade indeed lives up to expectations as a driving force behind Ethereum’s transformation toward a deflationary economy. Since the activation of EIP 1559 on Aug. 5, over 20,000 ETH has been burnt, while miners’ earnings from “tips” is a little shy of 8,000 ETH. Top contenders in the burning match are OpenSea, Uniswap, and Axie Infinity — proving that August is bound to be another Month of NFTs.