Kaiko Research: The continuous growth of Ethereum supply may suppress potential price increases in the short term.

On August 19, Kaiko Research, a cryptocurrency analysis company, released a report on the recent developments in Ethereum. The report highlighted that due to increased Layer 2 activities and the Dencun upgrade in March, which reduced Layer 2 transaction fees, Ethereum's Gas fees have recently hit the lowest point in five years. This fee reduction has significant implications for Ethereum as lower fees mean less $ETH being burned, leading to an increase in token supply. Since April, the total supply of $ETH has been steadily increasing. Despite factors such as the demand for spot Ethereum ETFs, the continuous growth in supply may temporarily suppress potential price increases.