To chip away at something means to gradually weaken something or to make it less effective.
Example sentence:
- Bitcoin dominance is being chipped away by the expansion of the cryptocurrency industry into new areas and use cases.
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Weaken and make less indeed, but probably also reduce and generally tackle something in a gradual manner?
"I need to start chipping away at my backlog or the task will become more daunting with each passing day!"
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I agree.
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