Is Ethereum becoming inflationary again?
Yes, it is, and that's because Ethereum fees, which are supposed to burn ethers, are everywhere but not on Ethereum: its own L2s (Arbitrum, Polygon, etc.) and EVM competitors (BNB, Avalanche C, etc.)
Limiting L1 dooms cryptocurrencies. pic.twitter.com/cE82gwUbZR
— Nikita Zhavoronkov (@nikzh) September 23, 2023
The critical problem with Ethereum is that its future supply is unknown, unpredictable, and potentially inflationary.
For Ethereum to be deflationary, tx fees must be high which means it must fail to scale and tx volume must not move to other crypto securities like Solana. pic.twitter.com/dITZ7RfSf6
— Joe Burnett (🔑)³ (@IIICapital) October 2, 2023
Stay on top of crypto news, get daily updates in your inbox.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://decrypt.co/200520/ethereum-inflation-eth-supply-has-grown-by-47-million-in-30-days
- :has
- :is
- :not
- 000
- 12
- 13
- 2021
- 23
- 24
- 30
- 7
- 9
- a
- About
- Absolute
- According
- activity
- again
- Aggregator
- ago
- alone
- also
- among
- amount
- an
- and
- Another
- appears
- appreciate
- arbitrum
- ARE
- AS
- At
- Avalanche
- average
- BE
- because
- becoming
- been
- behind
- below
- Bitcoin
- bitcoin and ethereum
- bnb
- burn
- burned
- burning
- but
- by
- care
- caused
- certain
- chains
- change
- Circulation
- Climate
- collection
- competitors
- complete
- Concern
- concerned
- contrast
- convinced
- Core
- core developer
- Costs
- critical
- crypto
- Crypto News
- crypto users
- cryptocurrencies
- Currency
- Current
- Currently
- daily
- Dark
- data
- Days
- decisive
- Decline
- Decrypt
- DeFi
- deflationary
- Developer
- Development
- Devs
- dropped
- during
- Economic
- economy
- equally
- Equivalent
- establish
- etc
- ETH
- ETH issuance
- ethereum
- Ethereum Gas
- ethereum network
- Ethereum's
- Event
- everywhere
- EVM
- example
- external
- FAIL
- fans
- far
- fear
- Federal
- federal reserve
- Fees
- fewer
- financial
- financial health
- flow
- For
- from
- future
- GAS
- gas fees
- gas prices
- get
- Global
- Globally
- good
- grand
- grown
- had
- Have
- he
- Health
- High
- higher
- his
- historic
- HTTPS
- hyped
- in
- inflation
- Inflationary
- interest
- Interest Rates
- internal
- Investors
- issuance
- IT
- ITS
- joe
- jpg
- june
- just
- kick
- Land
- largely
- Last
- Last Year
- Late
- later
- lead
- less
- like
- long-term
- Look
- looking
- Low
- many
- marketplace
- maximalists
- May..
- means
- Merge
- might
- million
- mint
- money
- more
- mostly
- move
- much
- must
- nearly
- network
- news
- NFT
- nft marketplace
- NFTs
- None
- of
- on
- On-Chain
- only
- OpenSea
- operated
- or
- Other
- Otherside
- over
- own
- per
- permanently
- persistently
- plato
- Plato Data Intelligence
- PlatoData
- Polygon
- potentially
- Prices
- Problem
- raised
- Rate
- Rates
- recent
- recorded
- Reduced
- relative
- Removed
- REPEATEDLY
- required
- Reserve
- response
- ROSE
- roughly
- s
- Said
- sale
- Scale
- scene
- scheme
- Securities
- September
- sharp
- Sharpest
- short-term
- since
- So
- Solana
- some
- SPELL
- stark
- States
- Status
- Still
- subject
- supply
- supposed
- Surged
- Surges
- team
- thanks
- that
- The
- they
- things
- this
- Thus
- to
- told
- top
- trades
- traffic
- transaction
- transition
- Trend
- Trends
- trouble
- TX
- u.s.
- U.S. Federal Reserve
- United
- United States
- unknown
- unpredictable
- Updates
- User
- users
- value
- Virtual
- virtual land
- volume
- WELL
- were
- which
- WHO
- whole
- widely
- with
- worth
- would
- writing
- year
- you
- Your
- Yuga
- zephyrnet