According to on-chain analyst @ai_9684xtpa, Ethereum has been in a state of inflation since mid-April, with an increase of 350,000 ETH over half a year. The peak of Ethereum's destruction was in March this year (i.e., when BTC first reached ATH), and the amount of ETH destroyed has generally been decreasing since April. There was a brief rebound at the beginning of August due to the hype around Memecoin, but it quickly decreased again.