The Ethereum supply is declining at the fastest pace in history: according to the Ultrasound.Money tracker, the ETH supply increased by -0.33% over the last month. The flare mechanism to optimize gas usage was launched from EIP-1559 in mid-September 2022. After its implementation, the amount of ETH burned exceeded the number of mined coins, which means that the emission of tokens became negative or deflationary. Ethereum supply down 72,000 ETH Since the transition of Ethereum to the Proof-of-Stake consensus algorithm, the ETH supply has decreased by 72,186 coins, or about $130 million at current prices. According to forecasts, in a
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Author: NixCoin