ETH deflationary gains erased post-FTX collapse

cryptoslatePublished on 2022-11-30Last updated on 2022-12-01

Abstract

Ethereum (ETH) recently became the most deflationary it had historically ever been amid the FTX collapse.

Ethereum (ETH) recently became the most deflationary it had historically ever been amid the FTX collapse, reaching a deflationary percentage of -0.00514%, but as of Nov 29, ETH has lost almost all deflationary gains.

ETH now sits at a deflationary percentage of -0.00090%. This loss of deflationary gain equates to over an 80% retracement back toward inflationary ETH percentages.

Furthermore, the total volume of ETH burned via the EIP1559 BASEFREE burn mechanism is currently at an all-time low (ATL).

Despite the fall in deflationary gains and the current ATL burn volume, ETH addresses with a balance equal to or greater than 32 ETH are however at an all-time high (ATH).

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