Fidelity: Ethereum experienced its highest inflation period last quarter

Fidelity Digital Assets stated in a report last week that the Ethereum blockchain experienced its highest inflation period last quarter, with the total supply increasing by about 110,000 Ether (ETH), equivalent to an annual inflation rate of 0.37%. Analysts Daniel Gray and Max Wadington wrote that although it is unlikely for Ether's supply to experience drastic fluctuations in the short to medium term, people's growing preference for low-cost layer 2 platforms and increased staking demand suggest that inflation quarters may become more frequent. The report said that since April, the number of validators on this network has increased by 5%, and the recently introduced re-staking feature could further increase staking demand.