Layer 1s • September 2, 2025, 1:53AM EDT
UPDATED: September 2, 2025, 1:57AM EDT

Developers introduce mechanism to tokenize burned ETH on Ethereum network

Read the non-AMP story on Theblock.co
The Block

Quick Take

  • Developers introduced BETH, an ERC-20 token that represents verifiably burned ETH.
  • Each BETH token corresponds 1:1 with ETH that has been permanently destroyed by sending it to an irretrievable address.
  • Ethereum community members stressed that BETH is only a receipt for destroyed ETH and not a token with intrinsic value.