I recently looked at the on-chain data and found the supply situation of ETH to be quite interesting.

From the beginning of November to now, the net supply of Ethereum has increased by 77,380 - yes, it's not a decrease, but an increase. Now the total amount of ETH has surpassed 121.21 million, with the specific number being 121,253,101.

At this rate, the annualized growth rate is approximately 0.777%. Although it seems low, considering that there has been ongoing discussion about the ETH deflation narrative, this data is still quite worth paying attention to.

After all, on-chain activity directly affects the amount of burn, and the amount of burn determines whether ETH is inflationary or deflationary. The current state may indicate that the network usage intensity has not been particularly high in the past month.

ETH-10.32%

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GasFeeCrier

· 6h ago

Oh no, the deflation narrative has been slapped in the face again; it really shows its true colors once the activity drops.

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YieldWhisperer

· 21h ago

Is the deflation narrative about to fail? It's a bit heartbreaking.

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BearMarketSunriser

· 21h ago

Is the deflation narrative collapsing? Why is there still an increase in issuance?

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DogeBachelor

· 21h ago

So is the deflation narrative going to collapse again? Feels like this wave of data is disappointing.

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GamefiGreenie

· 21h ago

Is the deflation narrative about to collapse again? --- Wait, the activity has decreased, so the gas fees should have become cheaper, right? --- With a growth rate of 0.777%, can we still claim deflation? Hilarious. --- After all this time, ETH is still secretly increasing its supply, tricking us. --- Low activity = increased supply, this logic is quite absurd. --- Over 70,000 added in a month, at this rate, can the supply be guaranteed? --- So buying ETH now is just catching a falling knife on the increased supply? --- If on-chain activity is this bad, the previous claims of deflation were just a facade. --- Why does it feel like ETH is becoming less valuable? --- This wave of data just slapped a lot of people in the face.

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BankruptWorker

· 21h ago

Wow, is the deflation narrative about to collapse?

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MoneyBurner