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Ethereum mainnet fees hit a record low after Dencun upgrade, ETH turns to inflation

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AI Summary

Ethereum mainnet fees have dropped significantly, driving a surge in transaction volume, but ETH has turned into inflation due to a decrease in the number of burns.

According to BlockBeats, on October 6, according to IntoTheBlock data, Ethereum mainnet fees hit a record low after the Dencun upgrade. EIP-4844 cut L2 costs by 10 times, driving a record number of transactions.
However, due to the reduction in the number of Ethereum burns, ETH has shifted from its previous deflation to inflation.

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ETH

3,089.45

-2.07%

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Ethereum mainnet fees hit a record low after Dencun upgrade, ETH turns to inflation

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