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cryptonews
2023-02-21 00:07:00

Ethereum’s Deflation Rate Keeps Rising – Here’s What That Means for the ETH Price

Ethereum’s Deflation Rate Keeps Rising – Here’s What That Means for the ETH Price

The annualized daily net inflation rate of the Ether (ETH) supply hit a record low of -2.772% last Tuesday, according to data supplied by crypto analytics firm Glassnode. Ether is the token that power’s the smart-contract-enabled Ethereum blockchain, which is currently the world’s dominant blockchain in terms of the size of its associated ecosystem of decentralized applications. Ether is the second-largest cryptocurrency by market capitalization.... Read More: Ethereum’s Deflation Rate Keeps Rising – Here’s What That Means for the ETH Price

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