TechFlow reports that the daily ETH burn on the Ethereum network has dropped to its lowest level this year. According to the latest data, the base fee is currently fluctuating between 1 and 2 gwei, among the lowest levels observed in recent years. On Saturday, only 210 ETH were burned, marking a new low for the year.
In contrast, on August 5, the daily burn reached 5,000 ETH when gas fees were around 100 gwei.
According to The Block's data, at such low gas fees, the network's inflation rate has increased. Despite burning 210 ETH, the net ETH issuance exceeded 2,000 ETH.
Given this inflationary trend, Gnosis founder Martin Köppelmann has suggested temporarily increasing the gas limit. He noted that the base fee is at multi-year lows of about 0.8 GWEI, while 23.9 GWEI would be needed to offset staking rewards.
