11-09-2022, 04:25 PM
ETH is now deflationary since the merge
<!-- SC_OFF --><div class="md"><p>As of 00:29 supply change since merge is -0.18 ETH</p> <p>Due to the increased volatility today, gas fees have once again shot up. This has caused far more ETH to be burnt than we usually see.</p> <p>By looking at <a href="https://ultrasound.money/">ultrasound.money</a> you can see there was a sharp decrease in the ETH supply today. Before that supply had seen a sizeable reduction, ever since Oct 8th, but had started to increase again recently.</p> <p>With DeFi liquidations and people rushing to withdraw the crypto from centralised exchanges, gas fees could be high for the next few days.</p> <p>The top ETH burners in the last 24 hours are Uniswap V3 at 500 ETH, ETH Transfers at 320 ETH and Tether at 307 ETH. All together 4,600 ETH, or $6.1 million worth of ETH has been burnt in the last 24 hours.</p> <p>Edit 1: Supply is now down 110 ETH since merge. If this rate continued annual deflation would be at -0.89%.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/olihowells"> /u/olihowells </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yq3h94/eth_is_now_deflationary_since_the_merge/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yq3h94/eth_is_now_deflationary_since_the_merge/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>As of 00:29 supply change since merge is -0.18 ETH</p> <p>Due to the increased volatility today, gas fees have once again shot up. This has caused far more ETH to be burnt than we usually see.</p> <p>By looking at <a href="https://ultrasound.money/">ultrasound.money</a> you can see there was a sharp decrease in the ETH supply today. Before that supply had seen a sizeable reduction, ever since Oct 8th, but had started to increase again recently.</p> <p>With DeFi liquidations and people rushing to withdraw the crypto from centralised exchanges, gas fees could be high for the next few days.</p> <p>The top ETH burners in the last 24 hours are Uniswap V3 at 500 ETH, ETH Transfers at 320 ETH and Tether at 307 ETH. All together 4,600 ETH, or $6.1 million worth of ETH has been burnt in the last 24 hours.</p> <p>Edit 1: Supply is now down 110 ETH since merge. If this rate continued annual deflation would be at -0.89%.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/olihowells"> /u/olihowells </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yq3h94/eth_is_now_deflationary_since_the_merge/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yq3h94/eth_is_now_deflationary_since_the_merge/">[comments]</a></span>