The burn rate of Ethereum has reached its lowest levels in recent times as gas fees remain low, hovering around 2 gwei. This decrease in burn rate reflects a reduction in transaction activity on the network, which can impact the overall supply dynamics of ETH. Lower gas fees may encourage more users to transact on the Ethereum network, but the current burn rate indicates a potential slowdown in the economic activity that typically drives demand for the cryptocurrency.Read more on The Block
Ethereum Burn Rate Hits Lowest Levels Amid Low Gas Fees
