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Opinion: ETH Upgrade Significantly Reduces Revenue, Ether Era May Have Come to an End

Opinion: ETH Upgrade Significantly Reduces Revenue, Ether Era May Have Come to an End

Bitget2024/11/07 14:17
ETH-1.63%

As of November 7, analysis of Ether supply data shows that ETH supply is outpacing burn, with 11,431 ETH added in the last 7 days. Both Ether revenues and ETH supply burn are significantly lower, with total revenues 69% lower than the average of the 150 days prior to the upgrade and ETH burn more than 80% lower than the average of the 150 days prior to the upgrade, and the vast majority of the industry believes that Ether's upgrades are failing much of the time.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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