Wu said that according to the on-chain analyst Ember, ETH inflation has increased by 228,000 in the past four and a half months, which is worth about $602 million at current prices, with an average of 1,652 ETH added every day. Due to the reduction in on-chain activity, the ETH Gas fee has been below 2 Gwei for a long time since early April this year, resulting in ETH output exceeding the amount of destruction, making ETH in a state of inflation. The current total amount of ETH has risen from 120,063,605 to 120,291,622. If the on-chain activity continues to be sluggish, the annual inflation is expected to reach 600,000, which is worth about $1.59 billion at current prices, with an annual inflation rate of 0.5%. However, even in this depressed state, the inflation rate of 0.5% is not high.
