Ethereum’s circulating supply has now risen steadily for nearly 72 consecutive days, adding nearly 50,000 ETH (about $168.7 million) since mid-April, and is currently in its longest inflationary period to date. Since the merger in September 2022, Ethereum has only been in a state of inflation for a long time on a few occasions, the longest being 40 days shortly after the hard fork and 30 days at the end of last year.
Additionally, Ethereum has destroyed a significant amount of supply since the merge, although most of it was before the blobs. Overall, 1.71 million ETH (about $5.8 billion) has been destroyed and 1.36 million ETH (about $4.46 billion) has been issued, resulting in a supply reduction of 346,000 ETH (about $1.17 billion). (Blockworks) #crypto2023A
