Ethereum

Cryptocurrency

Arbitrum

Bitcoin

April

The supply of Ether (ETH) has experienced a gradual increase since mid-April, coinciding with the Dencun upgrade, which has decreased competition for block space on the Ethereum mainnet. This Ethereum supply update comes after what many consider the most prolonged period of inflation for ETH since the merger in 2022. The blockchain’s Dencun upgrade, implemented in March, appears to be a significant factor contributing to this inflation. 
Since the introduction of the Dencun upgrade on March 13, there has been a sizeable inflation in the Ether supply, according to data from the Ethereum dashboard ultrasound. Money, over 112,000 ETH have been added to the overall supply since April 14. This increase is largely traced back to the upgrade’s implementation of nine Ethereum Improvement Proposals (EIPs), particularly EIP-4844. 
EIP-4844, one of the major components of the Dencun upgrade, introduced “blobs” – a mechanism that stores transaction data separately and temporarily. This innovation has led to reduced fees for block data on Ethereum layer-2 networks. Additionally, the Dencun upgrade included proto-dank sharding, enhancing data availability efficiency for block space on the Ethereum mainnet. 
The Dencun upgrade has significantly reduced the cost of executing transactions on Ethereum layer-2 networks such as Arbitrum and Optimism. However, this has also led to a decrease in the total amount of ETH burned on the mainnet. Despite the inflationary trend in recent months, the overall Ethereum supply has decreased substantially since the Merge. 
<h3 id="b-ethereum-supply-update-post-merge-statistics-b">Ethereum Supply Update: Post-Merge Statistics</h3> 
Since Ethereum transitioned to a proof-of-stake consensus mechanism in September 2022, more than 1.5 billion ETH have been burned, while 1.36 billion ETH have been added to the supply. This results in a net supply reduction of 345,000 ETH, equivalent to just over $1.1 billion at current prices.&nbsp; 
The Ethereum supply update post-Dencun upgrade reflects a nuanced picture of ETH’s inflationary and deflationary trends. The recent increase in supply marks an inflationary period, but the overall supply has still decreased significantly since the merger. The Dencun upgrade, through mechanisms such as EIP-4844 and proto-danksharding, has played a pivotal role in these developments, influencing transaction costs and the overall supply dynamics of Ether. 
<figure id="attachment_10213" aria-describedby="caption-attachment-10213" style="width: 100%" class="wp-caption alignnone">
 <img loading="lazy" loading="lazy" decoding="async" class="size-large wp-image-10213" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/06/shubham-dhage-RLoyjG8J_FE-unsplash-1024x576.jpg" alt="Ethereum supply update" width="1024" height="576" title="Ethereum Supply Update and What Changed After the Dencun Upgrade 33">
 <figcaption id="caption-attachment-10213" class="wp-caption-text">
 Ethereum supply update
 </figcaption>
</figure> 
As reported by <a href="https://thebitjournal.com/">The BIT Journal</a>, the latest crypto news indicates that investors are closely watching Ethereum’s supply trends. The crypto update reveals that the Dencun upgrade’s impact on Ethereum supply is of significant interest. Cryptocurrency news often highlights such pivotal updates, reflecting on how these changes affect the broader market, including Bitcoin (BTC) and other major cryptocurrencies. 
Compared to Bitcoin, which has a fixed supply cap of 21 million BTC, Ethereum’s supply is more dynamic, influenced by various network upgrades and mechanisms. These differences are critical for investors who follow both BTC and ETH closely. 
The cryptocurrency update landscape continually evolves, with Ethereum supply changes playing a significant role. Cryptocurrency news often focuses on how these updates affect market behaviour, investor sentiment, and the overall health of the blockchain ecosystem. The Ethereum supply update, influenced by the Dencun upgrade, is a prime example of how technical changes can lead to substantial shifts in the crypto market. 
<h2 id="b-conclusion-b">Conclusion</h2> 
In conclusion, the Ethereum supply update post-Dencun upgrade presents a complex picture of inflationary and deflationary trends. The Dencun upgrade, through mechanisms such as EIP-4844 and proto-danksharding, has played a crucial role in these developments. As the latest crypto news and cryptocurrency updates continue to unfold, the Ethereum community remains attentive to these changes and their implications for the broader cryptocurrency market, including comparisons with Bitcoin and other major digital assets. The BIT Journal will continue providing updates on these and other critical developments in cryptocurrency news. 
&nbsp;

Ethereum Supply Update and What Changed After the Dencun Upgrade

Table of Contents

The Bit Journal

Egyéb ezen a dátumon (2024. jún. 28.) megosztott cikkek

New TON-based app pays users for dating on Telegram

Bitcoin to fall below $60,000 again? Liquidity grab may have some answers…

Wall Street’s Expanding Interest in Altcoins: A Look at the Proposed Solana ETF

Why is Bitcoin price up today?

The Ignored Crypto: The Trump-Biden Debate Avoids the Hot Topic!

Bolivian Central Bank Reverses Crypto Ban, Opens Door for Financial Innovation

Join our free newsletter for daily crypto updates!