The #Ethereum network turned to inflation in Q2 2024, adding 120,818 ETH to the circulating supply.
107,725 $ETH were burned, while 228,543 $ETH were issued during the same period, resulting in a net increase of 120,818 $ETH in supply, indicating the inflationary state of the network.
Ethereum's burn rate saw a 66.7% drop QoQ, as a result of lower network activity and lower gas fees.
