Ethereum’s price has decreased by 45%, reaching its lowest point in five years. This decline follows the Dencun upgrade, which has not effectively curbed inflation.
The number of active addresses on the Ethereum network has dropped significantly, from 525,000 to around 333,000. This suggests a decline in user engagement and transaction activity.
The Dencun upgrade aimed for sustainability, yet its aftermath sees Ethereum’s total supply increasing, raising debates about inflation’s impact on the network’s long-term health.
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