Ethereum Experiences its First Day of Deflationary Supply Thanks to EIP-1599 Burning Mechanics
For the first time since being launched in 2015, the total amount of Ethereum tokens in circulation has decreased by 307.96 ETH on October 27. The monetary deflationary pressure was introduced to the Ethereum network with the launch of the London hard fork in early August, which included a set of five Ethereum improvement proposals (EIPs).