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Bitcoin.com 2023-09-24 17:30:10

Diminished Activity, L2 Migration Push Ethereum to Turn Inflationary

Recently, Ethereum has seen a shift towards inflation, sparked by a dip in network activity and onchain fees. Data reveals that, with decreased activity and lower fees, Ethereum’s inflation rate stands at 0.270%. The decline in overall activity and people transitioning to layer two (L2) networks has notably curtailed base fee burning. From Deflation to

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