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Ether Becomes Deflationary for First Time Since the Merge: Coinbase

The number of tokens fell by 4,000 over the last week as more ether was burned verifying transactions than was created, the report said.

Ether becomes deflationary for the first time since the Ethereum blockchain's software upgrade dubbed the "Merge." (SB7/Shutterstock)
Ether becomes deflationary for the first time since the Ethereum blockchain's software upgrade dubbed the "Merge." (SB7/Shutterstock)