According to BlockBeats, on October 6, data from IntoTheBlock revealed that following the Dencun upgrade, Ethereum mainnet fees have reached a historic low due to a surge in Layer 2 (L2) transactions. The implementation of EIP-4844 has reduced L2 costs by tenfold, leading to a record number of transactions.
However, the reduction in the amount of Ethereum being burned has caused ETH to shift from a deflationary to an inflationary state.
