Ethereum ($ETH) Supply Dropped By More Than $100 Million Since the Merge, Data Shows

Over $100 million worth of the second-largest digital currency by market capitalization Ethereum ($ETH) have been burned since the cryptocurrency’s network transitioned from a Proof-of-Work (PoW) consensus algorithm into a Proof-of-Stake (PoS) consensus algorithm. The cryptocurrency’s deflationary trend has been growing over time, with its supply having dropped by over 64,457 ETH since the network’s […]