{"id":134819,"date":"2024-08-03T14:00:09","date_gmt":"2024-08-03T11:00:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134819"},"modified":"2024-08-03T02:45:46","modified_gmt":"2024-08-02T23:45:46","slug":"ethereum-inflation-rises-as-layer-2-usage-grows","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-inflation-rises-as-layer-2-usage-grows\/","title":{"rendered":"Ethereum Inflation Rises as Layer 2 Usage Grows"},"content":{"rendered":"
The Ethereum<\/a> <\/strong>network, which recently transitioned from mining to a proof-of-stake system, has reached a record supply of 120,532,000 ETH. This high supply level was achieved as the network began burning a portion of transaction fees. Despite this, Ethereum\u2019s total supply has risen again to 120.25 million ETH, following a brief decline to 120.07 million in April 2024.<\/p>\n In the second quarter of the year, Ethereum added 120,818 tokens to its supply. This increase aligns with a broader trend of growing inflation, driven by a decrease in the burn rate by 66.7% and relatively high transaction fees, which have fluctuated between $2 and $10. Meanwhile, Layer 2 (L2) solutions have seen a significant uptick in usage, with L2 transactions doubling from 2023 levels and growing another 37% in Q2.<\/p>\n The Ethereum network\u2019s inflation rate has risen to an annualized 0.63%, while daily transactions have stabilized at around 1.2 million. Despite the increased supply<\/a><\/strong>, the Ethereum ecosystem remains robust, with major L2 chains like Optimism, Arbitrum, and Base attracting substantial traffic.<\/p>\nRead More:<\/h5>\n \n