Ethereum network Gas has fallen to the lowest level since 2020, and Bitcoin miner income has reached an all-time low

Golden Finance reported that according to The Block, Ethereum network Gas fell to its lowest level since 2020 this Saturday. Gas prices have led to Ethereum’s consumption rate dropping to its lowest level in 12 months. According to ultrasound.money data, due to the low consumption rate, Ethereum currently has slight inflation, with a seven-day average supply growth rate of 0.56% per year. In addition, after the halving of the Bitcoin block reward, the income of Bitcoin miners in TH/s (7-day MA) has reached a historical low in the past two months. In addition to the halving, another possible reason for the decrease in miner income is the relatively small number of new wallets entering the Bitcoin ecosystem, which is currently at its lowest level since 2018 (7-day MA).