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Bitcoinist 2024-05-09 19:00:37

Dencun Destroyed The Ethereum “Ultra-Sound Money” Narrative: CryptoQuant

Researchers at CryptoQuant, a crypto analytics platform, are now disproving the idea that Ethereum is “ultra-sound money,” especially after activating the highly anticipated Dencun Upgrade in mid-March. Analysts observe that the hard fork has slowed the number of coins going to the “furnace.” Accordingly, ETH is now more deflationary, considering the rising daily supply over the

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