![Ethereum Has Gone Deflationary Again—Here’s Why and What It Means Ethereum Has Gone Deflationary Again—Here’s Why and What It Means](https://img.decrypt.co/insecure/rs:fill:1024:512:1:0/plain/https://cdn.decrypt.co/wp-content/uploads/2023/09/Ethereum-Gas-shutterstock_2299359143-16x9-1-gID_7.jpg@png)
The global Ethereum supply has contracted by just over 4,700 ETH, or about $9.5 million, since Monday, according to data aggregator ultrasound.money. While that figure pales in comparison to the cryptocurrency’s massive $243.4…
![Ethereum Massive Burn Begins | Gas Fee Surge Causes Deflationary ETH Ethereum Massive Burn Begins | Gas Fee Surge Causes Deflationary ETH](https://i.ytimg.com/vi/FPuya1FtahA/maxresdefault.jpg)
The mint of a project called XEN Crypto and its token (XEN) attracted the participation of more than 364,114 wallet addresses and triggered a surge in Ethereum network gas fees for 2 consecutive…