Three reasons Ethereum fundamentals might mean higher price.
The reduction is attributable to Ethereum’s movement from proof-of-work to proof-of-stake. The total supply difference shows that Ether is still inflationary, with +1,376 ETH minted since the Merge.explained to Cointelegraph“The retail market would most likely acquire ETH from exchanges like Coinbase, which will probably offer the option for buyers to immediately stake their purchase and further reduce circulating supply.”that over $31.
Showing an increased interest in proof-of-stake, Ether holders depositing to stake are moving Lido to new heights. Lido’s TVL increased from $4.52 billionAs October comes to an end, the TVL continues to increase as many investors lock Ether.The TVL and daily active users of Uniswap have been increasing over time. In most cases, the rise in a protocol’s TVL is accompanied by increases in DAUs on the platform.