Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»EXCHANGE NEWS»50L ETH supply surges in just one month due to Ethereum’s low gas fees
EXCHANGE NEWS

50L ETH supply surges in just one month due to Ethereum’s low gas fees

By Crypto FlexsMay 25, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
50L ETH supply surges in just one month due to Ethereum’s low gas fees
Share
Facebook Twitter LinkedIn Pinterest Email

The reduction in burn rates has increased the number of coins in circulation to its highest level since early March (currently averaging 120,000 ETH).

Over the past month, Ethereum’s supply dynamics have seen significant changes, with unusually low gas fees leading to an increase in circulating supply of Ether (ETH). Ethereum has generally been considered a deflationary asset since it switched from a proof-of-work to a proof-of-stake system in 2022. However, recent data shows a notable change.

According to data from Ultra Sound Money, Ethereum’s supply has increased by 50,570 ETH in the last 30 days alone. This increase stands in stark contrast to the previous deflationary trend, where Ethereum’s total circulating supply declined following the merger. During this period, Ethereum minted 75,391 ETH as block rewards to validators while 24,821 ETH was burned, increasing net supply.

Photo: ultrasound money

Impact of lower gas rates

A significant factor in this change is the decline in gas prices. Average average gasoline prices fell below $2 several times in May, hitting a low of $1.70 on May 18, the lowest since October 2023. This reduction in transaction costs is due to the Dencun upgrade that introduced ProtoDanksharding (EIP-4844). ). This upgrade replaces gas-intensive call data with more efficient Binary Large Objects (BLOBs), drastically reducing Layer 2 transaction costs and ultimately lowering gas fees on the mainnet by more than 90%.

Reduced gas fees benefited users, making transactions cheaper, but also lowered the ETH consumption rate. The low burn rate hindered Ethereum’s deflationary narrative, which has been an important aspect of its economic model since the implementation of EIP-1559.

According to Ultra Sound Money, the reduced burn rate has pushed the number of coins in circulation to its highest level since early March (currently averaging 120,000 ETH). By comparison, Ethereum’s current annual inflation rate is approximately 0.4%, which is still lower than Ethereum’s pre-merger proof-of-work inflation rate of 3.74%.

If the current trend continues, ETH will maintain its inflationary trend next year, with over 450,000 ETH net worth expected to be in circulation.

Layer 2 Networks and Future Trends

Adoption of layer 2 solutions is increasing while easing the load on the Ethereum mainnet, but has not yet reached a level sufficient to keep Ethereum deflationary. As Ethereum continues to evolve, the balance between reducing transaction costs and maintaining a deflationary supply will become important.

Future network upgrades and widespread adoption trends will play a significant role in shaping Ethereum’s economic model and supply dynamics. The ecosystem’s ability to adapt and innovate will determine whether Ethereum can remain deflationary in the long term.

next

Cryptocurrency News, Ethereum News, News

thank you!

You have successfully joined our subscriber list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Leeum price rises

July 23, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025

Dogecoin (DOGE) struggles to get up in higher floKi rocket rockets.

July 17, 2025
Add A Comment

Comments are closed.

Recent Posts

MemE Coin PEPETO, based on Ether Leeum, has exceeded $ 5.5 million in pre -sales.

July 24, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Big Bob Slot -Self -There fish, bite wins!

July 23, 2025

XRP Holders Multiply Wealth 10X – Safely & Fast

July 23, 2025

Ethereum Based Meme Coin PEPETO Surpasses $5.5M In Presale

July 23, 2025

Crypto MEV Bot (Cryptomevbot.com) Launches Crypto Trading Bot For Individual And Enterprise Traders

July 23, 2025

Ether Leeum price rises

July 23, 2025

How to Start with Web3 and Crypto -Dew Prehtation

July 23, 2025

Use XRP To Mine BTC And DOGE? CryptoMiningFirm Launches New Cross-chain Cloud Mining Contract To Help Global Users Earn $8,150 A Day

July 23, 2025

MultiBank.io Partners With Fireblocks And Mavryk To Launch $10B Real Estate Tokenization Platform

July 23, 2025

Cango Inc. Announces Completion Of Secondary Acquisition And Appointment Of New Leadership Team

July 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

MemE Coin PEPETO, based on Ether Leeum, has exceeded $ 5.5 million in pre -sales.

July 24, 2025

Crypto EXEC is not the end of the rally.

July 24, 2025

Big Bob Slot -Self -There fish, bite wins!

July 23, 2025
Most Popular

Attention to pay attention to Bitcoin, Ethereum, Solana and Cardano: Santiment

February 12, 2025

Newly OKX-enabled Layer 2 Bridge Orbiter Finance Announces Its Own L2 Network

January 28, 2024

Cardano (ADA) is showing strength as investors flock to KangaMoon (KANG) in the final pre-sale phase.

April 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.