Ethereum’s supply is firmly on the decline amid a significant rise in network activity. The second-largest cryptocurrency by market cap has been a deflationary asset since mid-January, thanks to a recent upgrade known as EIP-1559. Since the upgrade, each time an ETH transaction is sent, a percentage of the transaction fee is permanently removed from The post $48,800,000 in Ethereum Has Now Burned As Second-Largest Crypto Asset Becomes Deflationary appeared first on The Daily Hodl .
