according to on-chain analyst @ai_9684xtpa, Ethereum has been in an inflationary state since mid-April, with an additional issuance of 350,000 ETH in six months. The peak of Ethereum's destruction in the past year was in March of this year (when BTC reached its first ATH), and the amount of ETH destroyed has been decreasing since April. There was a brief rebound in early August due to the hype of Memecoin, but it quickly shrank.