Ethereum once again has become deflationary, here’s how
For the first time since December 2022, Ethereum (ETH) issuance has returned to a deflationary state, data from ultra sound money revealed. The altcoin’s supply growth at the time of writing stood at -34.67 ETH, as its annualized inflation rate dropped to 0.00002%.
Whenever ETH turns deflationary, it means that the rate of new ETH being added to the total supply is decreasing. In other words, since the year started, the leading smart contract blockchain has burned more ETH tokens than it has minted. Read More…