Summary of Etherscan and Ycharts show that gas fees have fallen to around 5 Gwei, the lowest on record.
In April, the total amount of Ether in circulation was 120,105,358 coins, and the supply increased by 415,680 ETH. Turning ether into an inflationary asset negates one of the key benefits of the transition to Proof-of-Stake (PoS) consensus that took place in 2022, CryptoQuant experts complain.
According to a report from an OKLink observer, an average of about 6,000 ETH was burned daily in March. Since the beginning of May, the average amount of daily ether burned has dropped to one of the lowest levels since the merger and does not exceed 900 coins.
According to the analytical platform Ultrasound Money, Ethereum's annual inflation rate is currently estimated at approximately 0.4%.
On the weekly timeframe, Ethereum's inflation rate was 0.54%, which is only 0.29 percentage points higher than Bitcoin's post-halving inflation rate (0.83%).
Currently, the market value of the second largest cryptocurrency by capitalization is about $2,990.
Earlier, analysts at Grayscale Research said that the situation in the digital asset market as a whole remains favorable. Grayscale experts expect an increase in the value of Bitcoin and other digital assets.
Source: Bits
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