Ethereum’un (ETH) The total supply has risen to unprecedented levels since the raising Merge in September 2022.
Ethereum supply rose to pre -merger levels, analysts show the update of Dencun as a key factor.
According to data from Ultrasound.money, Ethereum’s current supply reached 120,521.523 ETH and exceeded the low levels after the merger.
This has the highest supply since January 2023 and effectively reverses the deflationist tendency following the transition of Ethereum to a proof-of-stake (POS) consensus mechanism.
The increase in the supply of ETH is largely attributed to the increase in the Dencun implemented in March 2024. Justin Bram, Founding Partner and CEO of Astaria, emphasized the development in X, led to widespread debate in the crypto community.
Dencun’s Impact on ETH Inflation
According to Jaehyun Ha, an analyst at the Presto Research, the update of Dencun fundamentally changed the wage burning mechanism, an important driving force of the deflationist supply dynamics of Ethereum.
HA, “With the update of Dencun, Ethereum offered support for BLOB transactions, which are designed to process large data loads efficiently for layer 2 (L2) networks,” HA said. “These transactions use a separate wage unit known as ‘Blob Gası’, unlike standard gas fees.”
Before Dencun, a significant portion of the transaction fees was burned and ETH supply was reduced. However, the transition to BLOB GOB has led to a decrease in the proportion of the wages burned due to the transaction activity of a significant amount of transaction activities. This declining combustion effect contributed to ETH inflation even if the network activity remained intact.
*It is not an investment advice.
For special news, analyzes and on-achain data Telegram Our group, Twitter Our account and Youtube Follow our channel now! Moreover Android ve IOS Start Live Price Tracking by downloading our applications!
Source: https://www.bitcoinsistemi.com/ethereumun-eth-toplam-arzi-eylul-2022den-bu-yana-en-yuksek-seviyesine-yukseldi-iste-detaylar/
