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