The recent crypto relief rally has seen some assets outperforming, and ETH has been one. Here are some of the possible reasons.
Crypto markets have gained more than 9% over the past week, sending total capitalization back over the $1 trillion level again.
Another aspect of Ethereum’s attraction is its reduced supply issuance. The report noted that since the Merge, the issuance of the second-largest crypto has decreased by around 14,000 ETH per day or around 5 million fewer per year., Ethereum supply growth is currently just 0.09% per year. This has switched to a negative or deflationary growth several times recently when network demand increases and more ETH is being burnt than is being produced.
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