Fidelity report: Ethereum experienced high inflation in Q2, with total supply increasing by about 110,000 ETH

According to a report recently released by Fidelity Digital Assets, the Ethereum blockchain experienced its highest inflation period last quarter, with a total supply increase of approximately 110,000 ETH, equivalent to an annual inflation rate of 0.37%. Analysts Daniel Gray and Max Wadington wrote, "Although Ethereum's supply is unlikely to experience drastic fluctuations in the short to medium term, user preferences for low-cost L2 platforms and increasing demand for staking suggest that inflationary periods may become more frequent." The report states that since April of this year, the number of validators on the Ethereum network has increased by 5%, and the recently introduced re-staking may further increase demand for staking.