Ethereum blockchain, the leading Layer1 network, has seen increased activity and usage in the last 30 days. This increase is evidenced by a considerable increase in burning rate, NFT sales volume, and total value locked. Burn rate indicates a deflationary supply dynamic, and DeFi ecosystem had a 19% increase in total value locked with Lido Finance (LDO) providing a steady lead. The significant increase in Ethereum activity is leading to a decreased ETH supply and potentially a beneficial effect on the price of the token.



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