🔴$ETH Supply Exceeds 120M, Inflationary Pressures Rise🔴
Ethereum's total supply has surpassed 120 million, increasing by 15.844% in 7 days. Despite the burning mechanism eliminating 19,438 ETH in 30 days, the net increase is 77,097 ETH due to staking rewards and issuance.
The transition to Proof-of-Stake has enhanced security but introduces inflationary pressures. With 33.9 million ETH staked, earning rewards in newly issued ETH, supply growth accelerates. Low network activity, indicated by average gas fees of 6.461 gwei, further contributes to inflation.
Investors must monitor these dynamics to understand their impact on the Ethereum ecosystem.
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