Dear Readers,

The crypto users were very much concerned about the gas fee when they do the transactions in the blockchain. 

Gas refers to the fee required to successfully conduct a transaction on the Ethereum blockchain.

It is usually paid in the tiny fractions in Ether in is denominated in Gwei(10-9 ETH). 

Often all the users were fed up with the gas fee for the transactions as it was considerably lower. 

Most of the users were so interested to have the Dencun Upgrade of Ethereum which was anticipated to reduce the gas fee in a significant level and for the scalability solutions of the ETH blockchain. 

As expected having after the Dencun upgrade in the Ethereum, there was a significant low of the ETH gas fee. 

The levels of the ETH gas fee is lowered now are in the range of 6, which we have witnessed in the year 2020 that is four years back. 

But there is an another view of this has also to be taken into account. The latest report from CryptoQuant.com revealed that the Dencun upgrade of the Ethereum has made the Ethereum blockchain inflationary once again. As a result of this , it has potentially killed its characteristics of being an “ultra-sound” money.

With the Cryptoquant.com report published on Wednesday this week revealed that the Ethereum network has experienced a decrease in transaction fees following the Dencun upgrade. The amount of Ether burned has also reached one of its lowest levels since the Merge after the Dencun upgrade. 

This report also highlighted that the supply of ether is currently increasing so fast since the Merge event on the Ethereum network.

We really don't know this as a boon or bane?

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