The circulating supply of Ethereum has increased by nearly 50,000 since mid-April and has been steadily rising for nearly 72 days

ChainCatcher news, according to Blockworks, Ethereum is experiencing its longest inflation period ever. Since mid-April, the circulating supply of ETH has increased for 72 consecutive days, adding nearly 50,000 ETH (approximately $168.7 million). While Ethereum holders typically benefit from the net supply destruction brought about by increased supply scarcity, the current situation is the opposite—Ethereum is becoming less scarce, with base fees at their lowest point in the past two years.

Since the merge in September 2022, Ethereum has only been in a prolonged inflation state on a few occasions, with the longest being 40 days shortly after the hard fork and 30 days at the end of last year.