DeFi Daily News
Saturday, July 26, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

Ethereum Faces Potential Inflation? Supply Hits Record Levels Amid Surging Staking Popularity

Samuel Edyme by Samuel Edyme
August 16, 2024
in Ethereum
0 0
0
Ethereum Faces Potential Inflation? Supply Hits Record Levels Amid Surging Staking Popularity
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


In recent weeks, the Ethereum blockchain has presented a narrative of contrast, showcasing fluctuating bullish momentum juxtaposed against a definitive upsurge in its circulating supply. Detailed insights by Ultrasound.money elucidate a striking ascent, with Ethereum’s circulating cache breaching the 120.72 million mark. This expansion of supply, albeit not inherently detrimental, signals a pivotal transformation in Ethereum’s ecosystem, predominantly propelled by the transition to a proof-of-stake (PoS) framework.

The architectural shift from proof-of-work (PoW) to PoS has essentially revamped Ethereum’s operational dynamics, introducing an enhanced reward mechanism for network participants. Such modifications have inadvertently spurred the circulating Ethereum volume. Specifically, the last month alone witnessed the minting of 77,102 ETH, juxtaposed against the withdrawal of 19,402 ETH from circulation, courtesy of a burning mechanism instituted during the recent London Hard Fork. This disparity has nudged the annual supply growth rate from a modest 0.58% to 0.69% over the preceding week.

Furthermore, the current staking landscape on Ethereum offers more insights into the burgeoning supply. Approximately 33.9 million ETH are staked within the network, fostering the generation of substantial rewards in the form of newly minted ETH. This staking endeavor, especially with the advent of restaking — where rewards are reinvested into the network — amplifies the supply, challenging the initial deflationary anticipations spurred by the ETH burning mechanism.

A glimpse into Ethereum’s market disposition reveals a modest yet steady ascent in its price trajectory, with figures climbing from $2,500 to $2,652 within a span of seven days, marking a 9.3% uptick. This value escalation resonates with Ethereum’s market capitalization, which experienced a nearly $20 billion swell during the same timeframe. Contrarily, Ethereum’s daily trading volume has witnessed a downturn, plummeting from beyond $21 billion to $12.8 billion.

Amidst the oscillating trading volumes, the sentiment within the crypto analysis community remains largely optimistic regarding Ethereum’s future. A prominent figure in the sphere, heralded as the titan of crypto, has posited a bullish $3,000 price target for Ethereum. The rationale stems from a yet-to-be-filled CME futures gap, suggesting an impending rally. This analysis, blending technical indicators with market sentiment, captures the essence of the speculative yet calculative nature of cryptocurrency investments.

Ethereum’s journey, rife with technological pivots and market fluctuations, paints a compelling narrative that underscores the blockchain’s resilience and adaptability. The move to PoS not only signifies a stride towards sustainability but also highlights Ethereum’s commitment to refining its ecosystem to enhance user participation and reward mechanisms. While the immediate market responses have been mixed, the underlying momentum and developmental strides suggest a promising trajectory for Ethereum.

For aficionados of the decentralized finance (DeFi) realm and Ethereum’s evolutionary path, maintaining a close watch on these developments is crucial. One may delve deeper into these dynamics and other trending narratives in the crypto space by visiting DeFi Daily News, a treasure trove of insightful articles and analyses catering to the DeFi enthusiast.

In summary, Ethereum stands at a fascinating juncture, embodying both the challenges and opportunities inherent in the rapidly evolving crypto landscape. As the Ethereum network continues to adjust and grow, its market performance and technological advancements offer a captivating study for those intrigued by the future of finance. With a blend of anticipation and strategic foresight, the Ethereum community, investors, and observers alike are keenly watching as the blockchain edges towards new frontiers.



Source link

Tags: EthereumfacesHitsInflationLevelspopularityPotentialRecordStakingsupplySurging
ShareTweetShare
Previous Post

Is Milei’s Radical Plan to Save Argentina Working?

Next Post

Exciting Launch of CryptantCrab Prime on Arbitrum Thrills Web3 Gaming Community

Next Post
Exciting Launch of CryptantCrab Prime on Arbitrum Thrills Web3 Gaming Community

Exciting Launch of CryptantCrab Prime on Arbitrum Thrills Web3 Gaming Community

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
They’re Going ALL IN on Crypto: This is What Wall St is Buying!

They’re Going ALL IN on Crypto: This is What Wall St is Buying!

June 25, 2025
The Future of Blockchain: An Inside Look at Cardano

The Future of Blockchain: An Inside Look at Cardano

July 18, 2024
rewrite this title Visa Expands its Flexible Credential Card to the U.S. – Finovate

rewrite this title Visa Expands its Flexible Credential Card to the U.S. – Finovate

November 15, 2024
rewrite this title Hamilton: Spa qualifying result ‘unacceptable’

rewrite this title Hamilton: Spa qualifying result ‘unacceptable’

July 26, 2025
rewrite this title Blockchain won’t win until it outruns TradFi

rewrite this title Blockchain won’t win until it outruns TradFi

July 26, 2025
rewrite this title State Of Cryptocurrency Regulation in the USA

rewrite this title State Of Cryptocurrency Regulation in the USA

July 26, 2025
rewrite this title with good SEO B Increase In Bitcoin Open Interest Fueled By Whale Transfers To Exchanges – Details

rewrite this title with good SEO $4B Increase In Bitcoin Open Interest Fueled By Whale Transfers To Exchanges – Details

July 26, 2025
rewrite this title Is It Time to Exit Trimble’s Lackluster Growth Story? – Nanalyze

rewrite this title Is It Time to Exit Trimble’s Lackluster Growth Story? – Nanalyze

July 26, 2025
rewrite this title ‘Fantastic Four: First Steps’ Still Bound For Similar Flight Course To ‘Superman’ With 5M Opening, Matt Shakman Movie Gets ‘A-‘ CinemaScore – Box Office Update

rewrite this title ‘Fantastic Four: First Steps’ Still Bound For Similar Flight Course To ‘Superman’ With $125M Opening, Matt Shakman Movie Gets ‘A-‘ CinemaScore – Box Office Update

July 26, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.