The low gas fee puts the issuance rate of Ethereum currently in an Inflation state.

2024-08-31 19:54:47

According to recent data, the on-chain fee of Ethereum (ETH) continues to remain at a surprisingly low level. The average Transaction Cost for this weekend is only 0.00029 ETH ($0.743). Etherscan reported that even high-priority fees are lower than 1 gwei, which is currently around 0.972 gwei as of writing. Corresponding to the low Gas fee performance, ultrasound.money data shows that the issuance rate of Ethereum is currently in Inflation state, at 0.734% per year.

GAS-2.6%

ETH-4.67%

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