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Ether Becomes Deflationary For First Time Since Merge

Tris Bell

Summary: According to a report by crypto exchange Coinbase, Ether became deflationary this week for the first time since the Merge. There had been a 0.13% reduction in supply, according to the report, due to more ether being burned rather than created in transaction verifications. The rate of ether creation has fallen by nearly 90% since ...

According to a report by crypto exchange Coinbase, Ether became deflationary this week for the first time since the Merge.

There had been a 0.13% reduction in supply, according to the report, due to more ether being burned rather than created in transaction verifications.

The rate of ether creation has fallen by nearly 90% since the Merge.

Following the deflation, the price of the cryptocurrency dropped by about 4%.

Author: Tris Bell

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Link: Ether Becomes Deflationary For First Time Since Merge   [Copy]
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