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Ethereum’s forthcoming London upgrade, containing the highly-anticipated Ethereum Improvement Proposal (EIP) 1559, has been deployed on the Ropsten testnet.

Following the launch on Ropsten on Thursday, London is now expected to progress through Ethereum’s Goerli, Rinkeby and Kovan testnets at roughly weekly intervals — from which point the Ethereum community expects a date for mainnet deployment to firm up.

The new upgrade will see transaction fees burned. According to the EIP-1559 tracking website Watch the Burn, roughly 88,500 testnet Ether (ETH), nominally worth $177.6 million, has been burned on Ropsten over the day since London’s deployment.

The high rate of Ether being burned on Ropsten has reignited discussion regarding whether EIP-1559 will render Ethereum deflationary — where more ETH is destroyed than new supply enters into circulation — and what this could mean for Ether’s price moving forward.

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