Daily burned ETH hits record low

The daily amount of ETH burned on Ethereum reached a record low of 53.07 ETH on March 22, with on-chain activity decreasing, according to The Block. This indicates a substantial decline in demand for Ethereum's blockspace. Considering the burn rate over the past week, the supply of ETH is projected to increase by 0.76% annually, as indicated by Ultrasound.money data.