- Ethereum’s supply was reduced by 66k ETH due to the PoS consensus transition, according to IntoTheBlock.
- Deflationary currency decreases supply, increases purchasing power, and attracts crypto enthusiasts.
- Shanghai-Capella upgrade on April 12th to introduce validator staking withdrawals. ETH value up 26%.
Market intelligence platform, IntoTheBlock, has reported that the world of cryptocurrency has experienced a significant change. In 2023, the supply of Ethereum was reduced by 66,000 ETH, marking a historic milestone.
Source: https://coinedition.com/crypto-analytics-platform-reports-ethereum-supply-dropped-by-66000-eth/