According to TechFlow, the daily ETH burning on the Ethereum network has dropped to the lowest level this year. According to the latest data, the base fee is currently fluctuating between 1 and 2 gwei, which is one of the lowest levels observed in recent years. Only 210 ETH were burned on Saturday, setting a new low this year.

In comparison, the burn rate reached 5,000 ETH on August 5, when the gas fee was about 100 gwei.

According to data from The Block, with such low gas fees, the network’s inflation rate has increased. Although 210 ETH were burned, the net ETH issuance was over 2,000.

Given this inflationary trend, Gnosis founder Martin Köppelmann suggested temporarily raising the gas limit, noting that base fees are at a multi-year low of around 0.8 GWEI, while 23.9 GWEI is required to offset staking rewards.