More than 913,000 Ethereum (ETH), valued at approximately $3.4 billion, has been lost due to user error, according to Coinbase executive Conor Grogan. This significant loss represents a substantial portion of the total Ethereum supply. When combined with the Ethereum Improvement Proposal (EIP-1559) burns, over 5% of all Ethereum is now permanently removed from circulation. The EIP-1559, implemented to improve transaction fee structures, has contributed to the reduction of Ethereum supply by burning a portion of transaction fees.