Ether has become deflationary again. The recent surge in ether burnt has been tied to a spike in NFT sales driven by positive sentiment about the broader crypto market, one analyst said. _jocelynyang_ reports
shows ether’s net issuance, or the annualized inflation rate, has dropped to -0.07%, meaning the volume of ether being burnt is outpacing the amount that is being minted.
Marcus Sotiriou, market analyst at digital asset broker GlobalBlock, attributed the recent surge in ether burnt to a spike in non-fungible token sales driven by positive sentiment about the broader crypto market.
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