Ethereum's supply has increased by 228,000 ETH in the past 4.5 months, representing an influx of $620 million into the cryptocurrency's market capitalization. This surge in issuance has raised concerns about inflation, as the Ethereum network has experienced a decline in activity since early April. The current annual inflation rate for Ethereum stands at around 0.5%, resulting in an expected 600,000 ETH being added to the supply each year. This inflation is primarily attributed to the issuance of new coins to miners as rewards for validating transactions on the network. The increase in Ethereum's supply has implications for the cryptocurrency's value and price. As more ETH enters circulation, the supply-demand dynamics may shift, potentially impacting the asset's long-term growth prospects. Investors and market analysts will be closely monitoring the situation to assess the impact of this inflation on the stability and value of Ethereum in the future.