Ethereum price has cranked to a five-month high today. Furthermore, ETH issuance is the most deflationary since тхе Мерге transitioned the protocol to доказ-о-акција.
Ethereum prices have reached their highest levels since mid-September. The Хонг Конг crypto hub narrative has buoyed markets, and Ethereum is riding the wave.
Ethereum issuance has also fallen to its most deflationary level since the Merge occurred in mid-September.
The current circulating supply of ETH is 120.49 million. It has decreased by 23,651 ETH or roughly $40 million since the Merge, according to the UltraSound.Money трацкер-.
The supply growth is currently -0.7% per year as more than 4,100 ETH gets burnt daily. This week has seen the most accelerated rate of deflation since the Merge. However, gas prices have ticked up this week, resulting in higher burn rates.
Source: https://beincrypto.com/ethereum-supply-deflation-record-staking-withdrawal-update-near/