Ethereum’s Supply is Decreasing

The circulating supply of the smart contract platform Ethereum decreased by 86,219 ETH in the last 30 days, resulting in a loss of $300 million in value. This decrease is associated with the increasing use of Ethereum’s Proof-of-Stake (PoS) algorithm and the rising burn rate. Activity is Increasing in Ethereum In parallel with an increase in the daily new address count and reaching its highest level of the year, user activity on Ethereum is also showing an increase. It is noted that the lowest ETH supply in circulation since Ethereum transitioned from Proof-of-Work (PoW) was 120.07 million. Ethereum’s DeFi ecosystem is also experiencing an increase in the total value locked (TVL). Changes in Ethereum Chain Data Ethereum’s TVL rapidly increased by 21% to $51 billion. During this period, the TVL of the Lido Finance protocol saw a 27% growth rate. Ethereum’s DEX transaction volumes also showed a 161% increase in […]

Ethereum’s Supply is Decreasing

The circulating supply of the smart contract platform Ethereum decreased by 86,219 ETH in the last 30 days, resulting in a loss of $300 million in value. This decrease is associated with the increasing use of Ethereum’s Proof-of-Stake (PoS) algorithm and the rising burn rate.

Activity is Increasing in Ethereum

In parallel with an increase in the daily new address count and reaching its highest level of the year, user activity on Ethereum is also showing an increase. It is noted that the lowest ETH supply in circulation since Ethereum transitioned from Proof-of-Work (PoW) was 120.07 million. Ethereum’s DeFi ecosystem is also experiencing an increase in the total value locked (TVL).

Changes in Ethereum Chain Data

Ethereum’s TVL rapidly increased by 21% to $51 billion. During this period, the TVL of the Lido Finance protocol saw a 27% growth rate. Ethereum’s DEX transaction volumes also showed a 161% increase in the last 30 days.

The NFT sector also saw a 17% increase in trading volume last month, trading $617 million. This increase occurred despite a decrease in the number of NFT sales transactions. The increased market activity and investor demand also increased ETH’s supply on exchanges. Exchange reserves of ETH reached their highest level of the month at 14.1 million.

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