Data: The number of ETH destroyed yesterday was only 266, setting a new low since the EIP-1559 upgrade

ChainCatcher message, currently Ethereum gas fees are hovering between 2 to 5 gwei, which is one of the lowest levels to date. The decrease in network fees has led to a reduction in the amount of ETH being burned. On Sunday, the amount of ETH burned was only 266.06 ETH, setting a new low since the EIP-1559 upgrade.

According to data from Ultrasound.money, over the past week, Ethereum's supply has experienced inflation, with a supply growth rate of 0.56%, which is contrary to its previous deflationary nature. If activity rebounds and the amount of ETH burned exceeds the issuance, it will fall back into deflation.