The reason for ETH's weakness has finally been found!

It's not that Vitalik is picking up girls,

but that Vitalik's code optimization is too healthy and too good,

causing the ETH on-chain Gas to fall below 0.598 gwei,

and the low gas fee makes Ethereum's issuance rate currently in an inflationary state!

According to recent data, Ethereum's on-chain fees continue to remain surprisingly low, with the average transaction cost this weekend being only 0.00029 ETH ($0.743). Etherscan reports that even high-priority fees are less than 1 gwei, currently at 0.598 gwei.

Corresponding to the performance of low gas fees, ultrasound.money data shows that Ethereum's issuance rate is currently in an inflationary state, at 0.734% per year.