Ethereum’s shift from a deflationary to an inflationary model has witnessed a 0.178% uptick in the last 17 days. During this period, the network added 22,502 ether, valued at $ 35.31 million, to its total supply. Ethereum’s Growing Inflation Fueled by Onchain Downturn Previously, Ethereum maintained a deflationary stance, primarily due to the London …
Recently, Ethereum has seen a shift towards inflation, sparked by a dip in network activity and onchain fees. Data reveals that, with decreased activity and lower fees, Ethereum’s inflation rate stands at 0.270%. The decline in overall activity and people transitioning to layer two (L2) networks has notably curtailed base fee burning. From Deflation to […]
The stablecoin economy has remained relatively lackluster over the past 30 days, fluctuating slightly above or slightly below the $ 124 billion range. In the last 24 hours, the global trade volume for fiat and commodity-pegged tokens has reached $ 11.55 billion. Stablecoin Market Shows Resilience Amidst Volume Stagnation and Redemptions As of …
Despite Kenyan Interior Minister Kithure Kindiki’s recent attempt to revive the old crypto terrorism funding narrative, evidence suggests that criminal elements primarily use conventional financial systems when transferring funds. Contrary to Kindiki’s claims, crypto transactions can be traced and this is evidenced by the arrests of hackers and seizure of stolen crypto assets. Debunked …
Following Paypal’s declaration about the introduction of a fresh stablecoin, the smart contract address has revealed that the quantity of PYUSD stood at approximately 26.9 million. In the subsequent 22 days, the supply of PYUSD has risen by over 60%, now totaling 43.3 million. Paypal’s Stablecoin Supply Surged by 60%, but the Dollar-Pegged Token Is […]