Conducted on March 13, nine Ethereum Improvement Proposals (EIPs) were introduced, including EIP-4844, which appears to be the cause of inflation.

EIP-4844 introduces the "blob" mechanism - a mechanism that allows transaction data to be separated and temporarily stored, thereby reducing block data fees paid on the Ethereum layer 2 network.

While this makes it significantly cheaper to execute transactions on Ethereum second-layer networks such as Abritrum and Optimism, the total amount of ETH burned on mainnet is also significantly reduced as a result

The total supply has gradually increased to more than 112,000 coins