Ethereum daily burn rate hits lowest level ever: 53.07 units per day

The amount of Ethereum (ETH) burned in one day has reached an all-time low. According to reports, as of the 22nd (local time), the amount of Ethereum burned in one day was 53.07 units,
This is the lowest since Ethereum applied its "burning mechanism" EIP-1559. The reduction in Ethereum burning means that activity on the Ethereum blockchain is decreasing.
This means that the price of Ethereum is decreasing. This could have a negative impact on the price of Ethereum. The Block, a media outlet specializing in cryptocurrencies, said, "Considering the burn rate over the past week,
This would result in an expected annual growth rate of 0.76% in Ethereum supply."