Is Ethereum Poised for Inflation? Supply Reaches New High as Staking Takes Off

Quick Summary:

This restaking cycle creates a compounding effect on the issuance of new ETH, boosting the supply even as the network moves to a “seemingly” inflationary trajectory after the initial deflationary expectations set by the ETH burn mechanism.

Although this increase in supply is not straightforwardly negative for ETH, it still marks a notable shift in the network’s dynamics, fuelled largely by adopting Ethereum’s proof-of-stake (PoS) model.

Related Reading: Bigger Risks More Returns: Ethereum’s Volatility Surpasses Bitcoin’s by 50%, Data Shows Supply Increase, How And Why?

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

Topics: Crypto Crypto market Ethereum supply Ethereum Ethereum Analysis ETHUSDT ETH Ethereum Market Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 08:00:47 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 77 lines

Sentence Length: 7 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22097083

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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