Cryptocurrency

ETH deflationary gains erased post-FTX collapse

Ethereum (ETH) recently experienced the biggest deflation in history during the FTX collapse, reaching a deflation rate of -0.00514%, but as of November 29, ETH has lost almost all of its deflationary gains. rice field.

ETH is currently at a deflation rate of -0.00090%. This deflationary profit loss corresponds to a retracement of more than 80% to the inflation ETH percentage.

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

Despite declining deflationary gains and current ATL burn volumes, ETH addresses with a balance of 32 ETH or more are at an all-time high (ATH).

The elimination of ETH’s post-deflation gains after FTX’s collapse first appeared on CryptoSlate.

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