Ether has become deflationary for the first time since the Merge, with more $ETH being burned verifying transactions than is created. The rate of new ETH creation has fallen nearly 90% since the Merge.
Ether reached a “post-Merge milestone” this week as it became deflationary for the first time since the Ethereum blockchain switched toIt became deflationary as more ether was burned
verifying transactions than was created in the same period, which led to a reduction of 0.13% in supply over the last week, equivalent to about 4,000 tokens, the note said.CoinDesk Special Coverage
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