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In recent day Ethereum has been deflactionary

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carciotti
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Interesting fact: In recent days, Ethereum has been deflationary due to ETH burned > ETH generated quantities.

The reason for this was the free minting of XEN, a token fork of HEX towards which a huge amount of gas was spent just to mint it.

XEN is a very unfriendly token (the price is already dumped by 99%), but the case is interesting because it shows how, should a high level of Ethereum usage return as in bull market, its supply would be deflationary.

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