IntoTheBlock: Ethereum mainnet fees hit historic low after Dencun upgrade, ETH turns into inflation

BlockBeats News: On October 6th, according to IntoTheBlock data, after the Dencun upgrade, Ethereum mainnet fees hit a historic low as L2 transactions surged. EIP-4844 reduced L2 costs by 10 times, driving record breaking transaction numbers. However, due to the reduction in the amount of Ethereum destroyed, ETH has shifted from deflation to inflation.