Ethereum supply drops by 66,000 ETH in 2023 making it deflationary
In a landmark move for the world of cryptocurrency, the supply of Ethereum has been reduced by 66,000 ETH in 2023, according to the information shared by market intelligence platform IntoTheBlock published on March 18. This comes as a result of Ethereum’s ‘ Merge’ transition to proof-of-stake ( PoS) consensus that took place in September 2022.