Ethereum gas and fee plummet drive inflation to +0.7%

exchange681 week ago

0 0 2 minutes read

Ethereum’s network is experiencing a dramatic shift with transaction fees and burn rates hitting unprecedented lows. The 7-day average gas price has plummeted to just 4.4 Gwei, the lowest in four years, and transaction fees are down to $1.21, levels unseen since 2020. Intriguingly, despite stable transaction volumes, Ethereum’s supply is expanding, leading to an inflationary rate of +0.7% in the past week. So, what does this mean for Ethereum’s price performance and market positioning…

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