Fidelity: Ethereum experienced its highest inflation period last quarter
According to a report by Fidelity Digital Assets last week, the Ethereum blockchain experienced its highest inflationary period in the last quarter, with the total supply increasing by about 110,000 Ether (ETH), equivalent to an annual inflation rate of 0.37%. Analysts Daniel Gray and Max Wadington wrote that although the supply of Ether is unlikely to experience drastic fluctuations in the short to medium term, the growing preference for low-cost layer 2 platforms and the increase in staking demand suggest that inflationary quarters may become more frequent. The report stated that since April, the number of validators on the network has increased by 5%, and the recently introduced re-staking feature may further increase staking demand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Crashes Below $53,000 – Stock Market Faces Worst Week in 18 Months
New Android malware steals private keys from screenshots and images
VanEck to close its Ethereum futures ETF in September, a year after launch
Rumors of a 50 Basis Point Rate Cut Following the FED Member’s Flash Statements: So What Do Analysts Say?
Analysts evaluated the possibility of a 50 basis point cut, which was claimed to have strengthened following the critical statements of FED member Waller.
