07-05-2024 03:00 via newsbtc.com

Ethereum Burn Rate Hits Yearly Low: What This Means For ETH’s Future

In recent weeks, Ethereum has displayed subtle signs of recovery amidst a generally bearish crypto market, with the altcoin mimicking Bitcoin’s modest uptrend.
Despite Ethereum’s price increasing slightly by 0.2% over the last 24 hours, a parallel trend that might significantly affect Ethereum’s economic model has been unfolding beneath the surface.Decline In Network Activity Reduces ETH Burn
April witnessed Ethereum’s ETH burn rate hitting an annual low, primarily due to
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