The Dencun upgrade, hailed as one of Ethereum’s most significant advancements since The Merge, has heralded a new era of possibilities for the blockchain giant. With promises of enhanced scalability for Layer-2 chains, Ethereum enthusiasts have eagerly awaited the transformative effects of this milestone.

Since the implementation of the Dencun upgrade, Ethereum’s ether supply has witnessed a remarkable decline, plunging to its lowest levels since August 2022.&middot

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