Ethereum’s daily issuance just went negative for the first time, following the network overhaul that burns coins | Currency News | Financial and Business News

Ethereum’s daily issuance just went negative for the first time, following the network overhaul that burns coins | Currency News | Financial and Business News

The ethereum network runs the ether cryptocurrency, the second-biggest after bitcoin.

  • Ethereum recorded negative daily net issuance for the first time on Friday, The Block data shows.
  • Analysts said a boom in NFTs was pushing up use of the network – leading to more tokens being burned.
  • A network overhaul in August led to some of each transaction fee being “burned”, or destroyed.
  • See more stories on Insider’s business page.

More ether was burned than created on…


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