{"id":9596,"date":"2024-06-26T04:55:13","date_gmt":"2024-06-26T04:55:13","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=9596"},"modified":"2024-06-26T04:55:16","modified_gmt":"2024-06-26T04:55:16","slug":"ethereum-supply-increases-for-73-days-straight","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/ethereum-supply-increases-for-73-days-straight\/","title":{"rendered":"Ethereum Supply Increases for 73 Days Straight"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Ethereum&#8217;s supply has been on a steady rise since mid-April, coinciding with the Dencun upgrade, which has decreased competition for block space on the mainnet.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Longest Inflationary Spell Since the Merge<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The new Ether supply is experiencing its longest inflationary period since the Merge in 2022. The Dencun upgrade, implemented on March 13, plays a significant role in this trend. According to the Ethereum data dashboard ultrasound.money, over 112,000 ETH has been added to the supply since April 14.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Impact of the Dencun Upgrade<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Dencun upgrade introduced nine Ethereum Improvement Proposals (EIPs), including EIP-4844, which has been identified as a primary factor in the current inflation.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>EIP-4844<\/strong>: Introduced \u201cblobs\u201d to store transaction data separately and temporarily, reducing fees for block data on Ethereum layer 2 networks.<\/li>\n\n\n\n<li><strong>Proto-Danksharding<\/strong>: Improved data availability for block space on the Ethereum mainnet, further lowering transaction costs on Ethereum layer 2 networks like Arbitrum and Optimism.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Reduction in ETH Burning<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Despite the benefits of reduced transaction costs, the total amount of ETH being burned on the mainnet has decreased significantly. This reduction is a direct result of the Dencun upgrade&#8217;s enhancements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Also Read:<a href=\"https:\/\/www.cryptometer.io\/news\/standard-chartered-to-introduce-bitcoin-and-ethereum-trading-desk\/\">Standard Chartered to Introduce Bitcoin and Ethereum Trading Desk<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Net Supply Changes Since The Merge<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">While the recent months have seen an inflationary trend, the total supply of ETH has still seen a net decrease since The Merge. Since September 2022, over 1.5 billion ETH has been burned, while 1.36 billion ETH has been added, leading to a net reduction of 345,000 ETH, valued at just over $1.1 billion at current prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum&#8217;s supply has been on a steady rise since mid-April, coinciding with the Dencun upgrade, which has decreased competition for block space on the mainnet. Longest Inflationary Spell Since the Merge The\u2026<\/p>\n","protected":false},"author":6,"featured_media":8744,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_cmn_meta_desc":"","_cmn_primary_category":0,"_cmn_noindex":"","footnotes":""},"categories":[258,43],"tags":[],"class_list":["post-9596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","category-general-news"],"_links":{"self":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/9596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/comments?post=9596"}],"version-history":[{"count":2,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/9596\/revisions"}],"predecessor-version":[{"id":9608,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/posts\/9596\/revisions\/9608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media\/8744"}],"wp:attachment":[{"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/media?parent=9596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/categories?post=9596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptometer.io\/news\/wp-json\/wp\/v2\/tags?post=9596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}