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