Ethereum supply has been increasing for 73 days straight.

The supply of new Ether (ETH) is in the longest inflationary period since its merger in 2022, and blockchain Denkun's update in March appears to be responsible.

ATM data dashboard ultrasound.money reports that since April 14, the supply of ETH has been steadily increasing, with more than 112,000 ETH added to the total supply.

Much of this inflationary activity can be attributed to the Denkun update on March 13th, which introduced nine Ethereum Improvement Proposals (EIPs), leading to inflation being EIP-4844.

EIP-4844 introduced “blobs” – a method that allows transaction data to be stored independently and temporarily, reducing the cost of blocking on Ethereum layer 2 networks.

In addition, Denkun introduced proto-danksharding, which focused on more efficient provision of data for block space on the Ethereum mainnet.

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While this shows the high cost of executing transactions on Ethereum layer 2 networks such as Abritrum and Optimism, the total amount of ETH burned on the main network has decreased significantly as a result.

While ETH supply inflation has been declining in recent months, the total ETH supply after the merger is still significantly lower.

In total, more than 1.5 billion ETH have been burned since September 2022, 1.36 billion ETH have been added and the total supply has been reduced by 345,000, bringing it to over $1.1 billion at current prices. Consensus method.

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