ETH deflationary gains erased post-FTX collapse
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ETH deflationary gains erased post-FTX collapse

As of Nov 29, over 80% of deflationary gains have been wiped out, pushing ETH back towards inflation.

Josh O'Sullivan
By Josh O'Sullivan
Editor/Reporter CryptoSlate
2 min read
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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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Related Asset Ethereum #2 ETH $2,784.24 24-hour change: up 5.75% Loading price history… 24H Up 5.75% 7D Up 8.02% 30D Up 14.32% Related Company FTX Cryptocurrency Derivatives Exchange
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Josh O'Sullivan
Josh O'Sullivan
Editor/Reporter CryptoSlate

Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance…

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