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Home»Crypto News Flash»Ethereum is in deflation for 4 consecutive days

Ethereum is in deflation for 4 consecutive days

Crypto News Flash November 1, 2021
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According to news on November 1st, according to Ouke Cloud Chain data, the supply of Ethereum was in a state of deflation for 4 consecutive days from October 27th to 31st. The total supply was reduced from 117,457,744 to 117,449,172, and 8572 in 4 days.

On August 5th, Ethereum implemented the EIP-1559 proposal. Each transaction user needs to pay a fixed basic fee, and the basic fee is completely destroyed.

Since the implementation of the program, Ethereum has destroyed more than 710,000, currently worth about 3 billion U.S. dollars.

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