More than $1 billion of ether has already been burned following the network's recent London hard fork upgrade

The ethereum network runs the ether cryptocurrency, the second-biggest after bitcoin.
Dado Ruvic/Reuters
More than $1 billion of ether has been burned in just six weeks following the network's London hard fork upgrade.
298,097 ether in base fees has been permanently removed from circulation since the upgrade was implemented on Aug. 5.The network is reportedly already reaping the benefits of the upgrade.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.
More than $1 billio