Fast Take
CryptoSlate just lately reported that Ethereum had entered an inflationary state because of the Dencun improve, which has decreased the burn fee and diminished fuel charges. This growth comes as an growing variety of transactions are being settled on Ethereum Layer 2s.
Earlier than the Bitcoin halving and all through a lot of 2024, Ethereum witnessed greater transaction charges than Bitcoin. Nevertheless, within the lead-up to the halving, on the halving day itself and some days after, Bitcoin charges surpassed Ethereum’s charges.
Since April 29, nonetheless, the charges for each blockchains have been virtually equal, in keeping with Glassnode information,
Glassnode information exhibits that on Could 12, Ethereum generated $2.8 million in charges on a 7-day transferring common, the bottom price stage since October 2023, when the value was roughly $1,800 in comparison with its present value of just under $3,000.
Whereas Bitcoin charges are roughly 4 occasions greater than in October 2023, at $2 million in opposition to roughly $500,000, we are able to additionally observe that since Could 2023, every price increase has resulted in the next excessive.
