CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
CryptoIntelligence 2024-10-04 22:55:00

Ether’s Inflation Rate Surges, Raising Concerns Among Investors

Ethereum’s inflation rate has surged to 0.74%, raising concerns about its long-held “ultrasound money” narrative, according to Binance’s October 2024 Monthly Market Insights report. The research report indicated that the Ether (ETH) issuance rate is at its highest level in two years, as reduced on-chain activity and lower burn rates shift the asset’s economic status. The findings highlight a growing issue for the asset, which Vitalik Buterin co-founded. They cast doubt on a long-held assumption that ETH can maintain its deflationary nature. The rise of layer-2 solutions like Arbitrum and Optimism has substantially impacted the on-chain activity of the Ethereum

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.