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.
Isabel Hall
- 2023-11-26
Ethereum Usage and Activity Increases in Last 30 Days
![CandleFocus Ethereum-Blockchain-Layer1-BurningRate-DeFi-NFT](https://images.candlefocus.com/Ethereum-Usage-and-Activity-Increases-in-Last-30-Days.jpg)