Opinion: ETH Upgrade Significantly Reduces Revenue, Ether Era May Have Come to an End
As of November 7, analysis of Ether supply data shows that ETH supply is outpacing burn, with 11,431 ETH added in the last 7 days. Both Ether revenues and ETH supply burn are significantly lower, with total revenues 69% lower than the average of the 150 days prior to the upgrade and ETH burn more than 80% lower than the average of the 150 days prior to the upgrade, and the vast majority of the industry believes that Ether's upgrades are failing much of the time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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