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Ether Turns Deflationary Again, Led by Spike in NFT Sales

Nearly one-fourth of ether burned stems from NFT trades over the past seven days, according to data from ultrasound.money.

Updated Jan 24, 2023, 4:35 p.m. Published Jan 24, 2023, 1:16 a.m.
Ether’s annualized inflation rate returned to a negative value as network usage recently increased. (ultrasound.money)
Ether’s annualized inflation rate returned to a negative value as network usage recently increased. (ultrasound.money)