CryptoQuant Analyst: Ether's Dencun Upgrade Is Making ETH Inflationary Again
Analysts at data firm CryptoQuant say the Dencun upgrade has reflated Ether, potentially killing its low-inflation currency character. As a result of the Dencun upgrade, Ether burning has fallen to one of its lowest levels since the merger, when Ether moved from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, and Ether supply is growing at the fastest daily growth rate since the network's merger.Analysts at CryptoQuant said that prior to the Dencun upgrade, higher network activity on Ether meant higher burning costs and therefore less Ether supply. However, after the Dencun upgrade, the total amount of fees burned has been decoupled from network activity.
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
Oranjebtc cancels 25 million treasury shares without capital reduction
The Last Time Treasury Yields Hit 6%, Bitcoin Didn't Exist — What Happens If They Get There Again?
Goldman Sachs: AI storage chip demand is underestimated, South Korean stock market still has 80% upside potential
Goldman Sachs Asia-Pacific Chief Equity Strategist Timothy Moe maintains a KOSPI target of 12,000 points, implying an almost 80% increase from the current level. He points out that the market is systematically underestimating the sustainability of the AI storage chip profit cycle. Capital expenditures by US tech giants may exceed $1.2 trillion next year, and the chip shortage triggered by data center expansion will further intensify in 2027. The current KOSPI is trading at only 5.3 times expected earnings, about half of its historical average.
Norwegian sovereign wealth fund may cut $80 billion US Treasury holdings; high-rated mortgage securities expected to become new favorites
Norway's sovereign wealth fund, with a scale of $2.3 trillions, has recommended reducing government bond holdings and reallocating funds towards higher-yielding fixed income assets.
Crypto prices
More
