![ETH deflationary gains erased post-FTX collapse](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2022/11/ethereum-ftx.jpg&w=70&h=37&q=75)
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.
![ETH deflationary gains erased post-FTX collapse](https://cryptoslate.com/wp-content/uploads/2022/11/ethereum-ftx-768x403.jpg)
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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 ATLย burn volume, ETH addresses with a balance equal to or greater than 32 ETH are however at an all-time high (ATH).