Fidelity Digital Assets said in a report last week that the Ethereum blockchain experienced its highest inflation period last quarter, with the total supply increasing by around 110,000 Ether (ETH), equivalent to an annual inflation rate of 0.37%.
Analysts Daniel Gray and Max Wadington wrote that while the supply of ether is unlikely to see sharp fluctuations in the short to medium term, the growing preference for low-fee layer 2 platforms, as well as increased demand for staking, suggest that inflation quarters could become more frequent.
The report claims that the number of validators on the network has increased by 5% since April, and the recently introduced re-staking feature is likely to further increase staking demand.
Fidelity: Ethereum experienced its highest inflation in the last quarter
2024-07-23 11:17:22
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
