IntoTheBlock: Ethereum mainnet fees hit a record low after Dencun upgrade, ETH turns to inflation

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On October 6, according to IntoTheBlock data, Ethereum mainnet fees hit a record low as L2 transactions surged after the Dencun upgrade. EIP-4844 cut L2 costs by 10 times, driving a record number of transactions.

However, due to the reduction in the number of Ethereum burns, ETH has shifted from its previous deflation to inflation.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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