Ethereum (ETH) has become inflationary again following a reversal of the deflationary upswing seen in November due to the impact of FTX.
Despite its most deflationary period ever, ETH supply returned to inflation again on December 2nd, seeing a 0.00029% increase (349 ETH) in supply.
ETH is currently at +0.008% inflation, approaching the inflation seen at the beginning of November.
Currently, the total ETH supply is steadily increasing daily, with an additional 2,300 ETH being generated daily. On top of that, ETH’s burn rate continues to fall, further dampening expectations of a return to deflationary values.
The story of deflation #ether Temporarily finished. Annual inflation, previously below zero, has since risen by 0.07%. #FTX Failure.amount of #ETH Burned after FTX’s demise ended at 5K+. But now it’s down to about 1.4k ℹ️@ultra sound money pic.twitter.com/lkcYpPz5F5
— Elite Crypto (@TheEliteCrypto) December 6, 2022
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