Over 6.2 Million Ethereum Lost Permanently, Totaling $23.4 Billion, Reveals Coinbase Data
Main Idea
Over 6.2 million Ethereum (ETH), worth $23.4 billion, have been permanently lost due to user errors, code vulnerabilities, and token burns under EIP-1559, accounting for 5% of Ethereum's total supply.
Key Points
1. Approximately 913,111 ETH ($3.43 billion) have been irretrievably lost due to user errors and code vulnerabilities, representing 0.76% of Ethereum's circulating supply.
2. Combined with 5.3 million ETH burned under EIP-1559 in 2021, the total permanent loss reaches 6.2 million ETH ($23.4 billion), or 5% of total supply.
3. The $3.4 billion figure only includes permanently locked ETH, excluding cases where private keys are lost but theoretically recoverable.
4. The data highlights the impact of protocol-level token burns on Ethereum's supply.
Description
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