What Happened on April. 3rd | $ETH Deflation Continue, Layer 2 Gas Spend New High

TI Research

Ignore all the noise in the market, $ETH is quietly burning every single day, and Layer 2 gas spent on Ethereum has soared.

Since the merge, $ETH’s supply has reduced by ~75k+ $ETH, compared to an increase of 2.2k ETH issued if it remained PoW, resulting in a selling pressure reduction of $135M over the course of the past 200 days.

Layer 2 demand for Ethereum block space has been rising continuously. In March, Layer 2 gas consumption has more than double that of February, and now accounts for 8.11% of all gas spent on Ethereum.

Biggest Gainers & Losers

Source:TokenInsight Gainers and losers


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TI Research

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