ChainCatcher news, BitMEX CGO Raphael stated that ETH/BTC has currently retraced all the gains since the EIP-1559 upgrade to a deflationary mechanism in 2021. Bitcoin consistently outperforming Ethereum is becoming a fundamental expectation in the market. The inflow of funds into Bitcoin ETFs is often more than 100 times that of Ethereum.MicroStrategy continues to raise billions of dollars to purchase Bitcoin, and some large publicly listed companies (such as Tesla) also hold Bitcoin instead of Ethereum.

ChainCatcher message, currently Ethereum gas fees are hovering between 2 to 5 gwei, which is one of the lowest levels to date. The decrease in network fees has led to a reduction in the amount of ETH being burned. On Sunday, the amount of ETH burned was only 266.06 ETH, setting a new low since the EIP-1559 upgrade.According to data from Ultrasound.money, over the past week, Ethereum's supply has experienced inflation, with a supply growth rate of 0.56%, which is contrary to its previous deflationary nature. If activity rebounds and the amount of ETH burned exceeds the issuance, it will fall back into deflation.

ChainCatcher message, since the launch of EIP-1559 on August 5, 2021, the total number of ETH burned has reached 4.033 million, worth over 1.16 billion dollars at current value.

Chaincatcher news, Ethereum prediction platform Gnosis founder Martin Köppelmann posted a chart of the block times for the latest 100 blocks on Twitter, stating that the stability after the Ethereum merge is excellent, with only one missed block, which is already the best case.In response, Vitalik commented that an important implication is its better EIP-1559 performance (as fewer blocks will hit the 2x limit). So far, the percentage of full blocks has decreased from about 20% to around 10%. (source link)