According to BlockBeats, Ethereum (ETH) has experienced an inflation increase of 228,000 coins, valued at $602 million, over the past four and a half months. This translates to an average daily inflation rate of 1,652 coins. The rise in ETH supply is attributed to a decrease in on-chain activity, which has led to ETH Gas prices remaining below 2 Gwei since early April this year. Lower Gas prices indicate that the production of ETH has outpaced its burn rate, resulting in an inflationary state. Over the recent four and a half months, the total supply of ETH has increased from 120,063,605 coins to 120,291,622 coins, marking an inflation of 228,000 coins. If the current trend of low on-chain activity continues, it is projected that the annual inflation rate could reach 600,000 coins, valued at $1.59 billion at current prices, with an inflation rate of 0.5%.