Altcoin King Ethereum $2,763.1‘s (ETH) circulating supply has reached its highest level since January 2023. This increase in supply Ethereum The Merge It matches the levels of 15 September 2022, when the update took place. According to the data, the supply of the Altcoin king is currently reaching 120.5 million ETHs. This is 383 ETH more than the day the Merge update was made. Astaria CEO Justin Bram announced the situation on social media.
Ethereum’s Dencun update and increase in supply
Presto Research Analyst Jaehyun haHe said the increase in Ethereum’s supply is associated with Dencun update. For those who do not know, Dencun update has made changes to the transaction fees in the Ethereum network. Previously, while Ethereum users were processing, while a large part of the fees were burned, Dencun BLOB transactions together with. With this process, it uses a separate fee unit called “BLOB GAS için to carry large data loads more efficiently.
This new transaction fee unit Ethereum networkit led to the burning of less ETH. HA, “This change has increased the volume of transaction in the Ethereum network, but caused the weakening of the balancing effect on the limitation of supply.” he said. Although it has high network activities, Eth He said the increase in its supply may threaten Ethereum’s “Ultrasound Money” status in the long run.
Recent changes in Ethereum network
Ethereum is the first time after 2021 gas limitIncreasing Ni, the GAS unit per block increased its limit to 31 million GAS. This change aims to increase the scalability of the Ethereum network.
Besides that Ethereum FoundationOn the agenda with the debate on leadership change. In the last informal vote, former Ethereum researcher Danny Ryan was proposed to lead the leadership. However, Ethereum Founder Partner Vitalic Botterrejected this request. Some developers left the Ethereum community after this development.
On the other hand, the price of ETH increased by 1 percent in the last 24 hours and rose to 2 thousand 744 dollars. However, the price of Altcoin in the last 7 days fell over 12 percent.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
