Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
The Ethereum network's revenue surged to nearly two year highs this week as the speculative frenzy with meme coins boosted blockchain activity, IntoTheBlock noted in a Friday market report.
, the network's native token, because of its token burning scheme. After Ethereum's transition to a proof-of-stake blockchain – commonly referred to as the Merge –, the network destroys a part of the transaction fees paid by users, decreasing the token's supply.
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