Ethereum’s Dencun Upgrade Makes ETH Inflationary Again

The Dencun upgrade makes Ethereum inflationary again, potentially killing its low-inflation currency properties. Due to the Dencun upgrade, Ethereum burn has dropped to one of the lowest levels since the merge, when Ethereum moved from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism, and Ethereum’s supply is growing at its fastest daily rate since the network merged. Prior to the Dencun upgrade, higher network activity on Ethereum meant higher fees burned, and therefore less Ethereum supply. However, after the Dencun upgrade, the total amount of fees burned has decoupled from network activity. #ETH（以太坊） #Dencun #POW #POS