Ethereum has lost its deflationary strength in the last few weeks after the latest upgrade reduced fees and increased supply.
While the mechanism to burn ETH—part of its transaction fee model introduced in EIP-1559—has continued, the overall supply of Ethereum has still increased.
The ability of this mechanism to outweigh the supply increase from the upgrade maintained ETH’s appeal as a deflationary asset. This form is essential for corporations looking to issue securities on national exchanges, signaling a readiness to proceed with the ETF.
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