Ethereum Merge May Not Be Immediately Deflationary, Crypto Trading Firm QCP Says

Ethereum Merge May Not Be Immediately Deflationary, Crypto Trading Firm QCP Says

The average daily burn recently declined to a record low of 1,206 ETH per day. That’s barely 9% of the record daily burn of 13,269 ETH registered in January. Meanwhile, 13.6 million ETH, amounting to 12% of the circulating supply of 120 million ETH, are locked in the Beacon Chain, according to data tracked by blockchain analytics firm Glassnode.

Originally Posted on: https://www.coindesk.com/markets/2022/09/08/ethereum-merge-may-not-be-immediately-deflationary-crypto-trading-firm-qcp-says/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Omkar Godbole

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