The Ethereum ecosystem is back on track with its mission to ensure that Ether is deflationary following a significant increase in the burn rate. Several factors are said to have contributed to this milestone, including voluntary exits by validators.
Over 106,000 ETH Burned In The Last 30 Days
According to data from Ultra Sound Money, over 106,000 ETH have been burned in the last 30 days. In that same period, only just over 70,000 ETH have been issued. This has caused a significant decrease in Ethereum’s supply, with it being down by over 35,000 ETH.
This is a welcome development, as the disparity between the burn and issuance rate hasn’t always been this obvious. That led to concerns as to whether ETH was truly deflationary or not. It also began to seem like the London Hard Fork wasn’t effective. Ahead of the Merge, Ethereum introduced this upgrade in its efforts to make ETH deflationary.
ETH investors are sure to be delighted with the fact that the token has once again bec
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