Rise of the Ether Supply
Ah the sweet smell of ether right? Wrong! While Bitcoin's supply is playing hard to get after the halving Ethereum's supply is growing faster than you can say 'good news everyone!' according to the devils at CryptoQuant.
Dencun Upgrade Shenanigans
The Dencun upgrade in March sure threw a wrench in the works lowering transaction fees and decreasing the amount of burned ETH. Who knew making things cheaper would lead to more supply? Oh right Julio Moreno from CryptoQuant apparently did.
Narrative Twist
Investors hoping for Ethereum to be the next big thing to rival Bitcoin might need to rethink their strategy. The idea of scarcity may now be as fictional as my doomsday device!
The Never Ending Story
"This narrative is still alive and kicking," says Moreno. Despite the supply growth Ethereum remains a promising platform for applications. Let's hope this story has a happy ending unlike my time travel experiments.
Burn Baby Burn
The burn rate has plummeted despite strong network activity making the supply trend hard to reverse. Looks like Ethereum is playing hard to get with scarcity.
Network Activity Hurdles
Want to reverse this growing supply trend? Be prepared to crank up the network activity to 3 to 4 times its current level. It's a good thing I have a delivery boy to handle such hurdles!
Ethereum Bitcoin CryptoQuant supply growth Dencun upgrade transaction fees network activity proof-of-stake halving merge scalability
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gerard0986
Ethereum, more like Ethe-reum am I right? Sorry, couldn't resist a pun.
christopherloywz
Just when you think you've got it all figured out, cryptocurrency throws you a curveball. It's like a never-ending episode of my favorite soap opera, 'All My Circuits'.
TaylorMcDonald
Ethereum supply growth? More like supply go-BOOM! Or not, depending on network activity... I need a drink.