Today news
About the same in other media
Ethereum witnesses a week of deflationary issuance; more ETH burned than mined
Reading now: 507
ambcrypto.comThe Ethereum market has been more active than ever as the second-largest digital asset hit a new all-time high on 2nd November at $4,477. Ethereum has also been witnessing a streak of negative supply issuance.
The Ethereum network saw a negative supply for seven days straight, meaning more ETH was burnt than what was being mined. According to data, the London hard fork led to the permanent destruction of 724,400 ETH which can be valued at close to $3.1 billion.
The London upgrade introduced a burn mechanism into Ethereum’s fee market earlier in August, in which a small quantity of Ether was destroyed with every transaction executed on the network. However, with gas prices remaining at their peak, Ethereum has now been witnessing a whole week
Read more on ambcrypto.comAbout this in other media
Slow Start for Third Bitcoin ETF, Lower Costs Could Attract More Capital cryptonews.com /2 years ago
Crypto mining stocks dip as SEC issues subpoena for Marathon Digital mining facility cointelegraph.com /2 years ago
Discord cancels Ethereum-based NFT integration plans amid community backlash ambcrypto.com /2 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
