The recent Dencun update has made Ethereum (ETH) inflationary, potentially threatening the narrative of ether as a “super-secure” currency, according to CryptoQuant analysts. Following the hard fork, the average transaction fee size in the network decreased by about four times at the same level of activity as before the update. As a result, the burn rate dropped to its lowest level since The Merge, when the blockchain switched to the Proof-of-Stake algorithm.
Following the hard fork, the average transaction fee size in the network decreased by about four times at the same level of activity as before the update.
As a result, the burn rate dropped to its lowest level since The Merge, when the blockchain switched to the Proof-of-Stake algorithm. Ethereum’s supply is growing at the highest daily rates since then, experts emphasized.
Ethereum’s supply is growing at the highest daily rates since then, experts emphasized.
“Before the Dencun update, high network activity on Ethereum meant more burned fees and, consequently, less ether. However, after the hard fork, the speed of burning decreased significantly.
However, after the hard fork, the speed of burning decreased significantly.
