Another day of deflation on #ICP

Since January 21st, #Internetcomputer has been in a state of deflation. CBR (cycle burn rate) has remained constant around 1 T cycles/s while the price of ICP has dropped, which means more ICP being burned. 

A total of 27k ICP have been burned in only the last three days. Compare that to the year 2023 where a total of 58k ICP were burned.

If the CBR continues its upward trend and the ICP price continues to drop, we will see a massive increase in daily burned ICP.

//GK
#ICP #Internetcomputer