The proliferation of layer 2s, which have been developed to assist Ethereum scale and improve its capability, has additionally contributed to bringing down charges, the report famous. Whereas the event is optimistic for Ethereum customers who can execute transactions cheaper than earlier than, it impacts ETH’s provide by protecting it inflationary by burning fewer tokens than new issuance.
Ethereum (ETH) Revenues From Fees Drop to 3-Year Low Amid NFT Bust, Layer 2 Adoption
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