2022-10-26
After upgrading the Merge increased the value of Ethereum including how many digital tokens are growing by over 300,0000 tokens this present. ref. ultrasound.money.
Ethereum Tokens rose by 7,000 Tokens after
upgrading Pos Model making many
supplies are circulating supply of on the system around 121 million tokens.
Ethereum supply has been in a deflationary state since
Saturday. Moreover, supply declined after the Xen Crypto project offered to give
a token minting service for users who are pleased to
pay Gas fees.
Referring to token minting becomes popular
for getting burned in gas fees of more than 6,000 ETH.
ETH transaction fee has been burned since London Hard Fork happened in 2021
“When gas reaches 15 gwei or greater, [Ethereum] becomes a deflationary asset. What
this means for ETH itself is that it becomes a more interesting asset for
speculators and investors,” Vandeloock said.
More detail: Link
Picture credit: Ethereum
