🎈 Ether's (ETH) supply has been on a steady rise, thanks to the Dencun upgrade in March. This upgrade introduced nine Ethereum Improvement Proposals (EIPs), including EIP-4844, which seems to be the inflation culprit. EIP-4844 introduced "blobs", a mechanism that temporarily stores transaction data separately, reducing fees on Ethereum layer 2 networks. Despite the recent inflation, the total ETH supply has decreased significantly since The Merge, with over $1.1 billion worth of ETH burned. So, while ETH's supply has been bloating, it's still on a diet! 💪