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Ethereum Faces Inflation Due to Low On-Chain Activity | Flash News Detail | Blockchain.News
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8/22/2024 8:59:49 AM

Ethereum Faces Inflation Due to Low On-Chain Activity

Ethereum Faces Inflation Due to Low On-Chain Activity

According to @EmberCN, the total supply of ETH has increased by 228,000 tokens, valued at $602 million, over the past four and a half months. This equates to an average daily increase of 1,652 tokens. Due to decreased on-chain activity, ETH Gas fees have remained below 2 Gwei since early April this year. Low Gas fees mean that the ETH production rate exceeds the burn rate, resulting in inflation. The total supply of ETH has risen from 120,063,605 to 120,291,622 during this period.

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余烬

@EmberCN

Analyst about On-chain Analysis