Data: The number of ETH destroyed yesterday was only 266, a new low since the EIP-1559 upgrade
ChainCatcher reports that the current Ethereum gas fee is hovering between 2 and 5 gwei, one of the lowest levels so far. The decrease in network fees has led to a reduction in ETH being burned. On Sunday, only 266.06 ETH were burned, setting a new low since the EIP-1559 upgrade.
According to Ultrasound.money data, over the past week, Ethereum's supply has experienced inflation with a growth rate of 0.56%, which is contrary to its previous deflationary nature. If activity picks up and more ETH is burned than issued, it will once again fall into deflation.
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.
You may also like
Resolv announces the launch of a buyback program, with buybacks already executed at an average price of $0.16.
Data: Six new addresses possibly associated with Bitmine received ETH worth $427 million from BitGo 8 hours ago.
Trending news
MoreData: Several whales profited nearly $38 million from XPL price movements in just one hour; a user from the "qwatio hunting squad" still lost $2.5 million despite using a 10% hedging strategy.
Resolv announces the launch of a buyback program, with buybacks already executed at an average price of $0.16.
Crypto prices
More
