Ethereum (ETH) recently experienced the biggest deflation in history amid the FTX collapse, reaching a deflationary rate of -0.00514%, but as of Nov 29, ETH has lost almost all of its deflationary gains. .
The ETH deflation rate is currently at -0.00090%. This deflationary profit loss corresponds to a retracement of more than 80% to the inflation ETH percentage.
Additionally, the total amount of ETH burned via the EIP1559 BASEFREE burn mechanism is currently at an all-time low (ATL).
Despite declining deflationary gains and current ATL burn volumes, ETH addresses with a balance of 32 ETH or more are at an all-time high (ATH).
The disappearance of ETH’s post-deflation gains after FTX’s collapse first appeared on CryptoSlate.