In 2024, the top 10 Ethereum burners were responsible for 39.2% of all ETH burned, with Uniswap emerging as the largest contributor, burning a total of 71,915 $ETH. However, despite maintaining its position as the leading ETH burner, Uniswap has experienced a significant decline in its burn rate. Uniswap’s burn rate plummeted by 72.4% quarter-over-quarter (QoQ), dropping from 54,413 ETH in Q1 to just 15,031 ETH in Q2. This sharp decrease reflects a broader trend of reduced Ethereum burns across several major protocols. ETH transfers followed as the second-largest contributor to Ethereum burns, with 33,538 ETH burned year-to-date. However, like
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