Ethereum recorded deflation for the first time since switching to the PoS algorithm. Moreover, the cost of gas increased by more than 80%.

According to the Ultra sound money service, the total supply of Ethereum tokens fell by over 7,000 ETH between October 8 and 12. The price of gas more than doubled, averaging 34 gwei as of October 10, Etherscan reported.
Deflation was fixed amid the launch of the XEN Crypto project, whose algorithms have burned over 4,100 ETH over the last seven days. The project offers appealing terms for users but has a number of characteristic features of a Ponzi scheme. Despite this, the XEN token appeared in the listing of several major exchanges, including Gate.io and Huobi, although its value after a short burst still tends to zero.
And yet, interest in XEN Crypto has led to a decline in ETH issuance, recorded for the first time since the network switched to Proof-of-Stake. The issue rate after the transition decreased by 90%, and the tokenomics should have become deflationary after all, but the speculative XEN Crypto project accelerated this process.