Sep 30, 9:33 pm
Decrypt
Ethereum’s Supply Has Been Influenced by the Drop in DeFi and NFT Sales
The supply dynamics of Ethereum have been affected by the drop in DeFi, NFT sales, and meme coin trading. Depending on the time frame, Ethereum can be deflationary or inflationary. The implementation of EIP-1559 and the transition to proof of stake have impacted the supply and transaction fees of Ethereum. Gas prices have been declining due to scaling solutions and a lack of narrative in the crypto market.
