Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
The amount of ETH destroyed yesterday was only 610 ETH, a new low this year

The amount of ETH destroyed yesterday was only 610 ETH, a new low this year

Bitget2024/05/06 09:59

PANews reported on May 6 that according to The Block, Ethereum gas fees are currently hovering between 5 and 10 gwei, one of the lowest levels so far this year. The decline in network fees has led to a decrease in the amount of ETH destroyed. On Sunday, the number of ETH destroyed was only 610 ETH, a new low so far this year. In contrast, the daily ETH destruction in the first four months of this year remained above 2,500-3,000 ETH. According to Ultrasound.money, Ethereum's supply has been inflated in the past week, with a supply growth rate of 0.49%, which is the opposite of the previous deflationary nature. If activity picks up and more ETH is destroyed than issued, it will fall into deflation again.

1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!