Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ethereum turned to inflation in the second quarter, with a net increase of more than 120,000 ETH supply

Ethereum turned to inflation in the second quarter, with a net increase of more than 120,000 ETH supply

Odaily2024/07/20 14:48
By:Odaily
Odaily News CoinGecko posted on the X platform that Ethereum became inflationary in the second quarter of 2024, with a net increase of 120,818 ETH in circulation. This was mainly due to the decrease in Ethereum network activity and lower gas fees, which led to a significant decrease in the destruction rate. In the second quarter of 2024, the Ethereum network destroyed 107,725 ETH, while 228,543 ETH were issued, which resulted in a net increase of 120,818 ETH in circulation. The ETH destruction rate fell by 66.7% month-on-month due to reduced network activity and lower gas fees. The decline in transaction volume was an important reason for this decline. In the second quarter of 2024, ETH transfers, the area that contributed most to ETH destruction, destroyed 6,838 ETH. This reflects that although the phenomenon of using the network for value transfer has decreased, it still persists.
0

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.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!