$ETH is not only recovering on the market as the network remains deflationary for two days straight despite the weekend market
, the second largest cryptocurrency by market capitalization, has been in deflationary mode for over 48 hours straight, an unprecedented occurrence during a weekend market. This is the first time that Ethereum acts like this, and it is largely attributed to a series of launches on the network that caused an activity spike.
There are more catalysts occurring on the network that might be driving further activity in an environment where ETH activity is already strong, including the upcoming launches of the Arbitrum and MATIC zkEVM, and the BLUR and SUDO token drops. ETH now been deflationary for over 48 hours straight, even on a random weekend night. Don't think I've ever seen that before.
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