Is Ethereum’s Upgrade a Failure? Analyzing ETH Supply and Revenue Declines

According to insights reported by COINOTAG on November 7th, the recent analysis of Ethereum’s supply metrics reveals that the **total ETH supply** has notably increased, outpacing the rate at which ETH is burned. Over the past week, there has been an influx of **11,431 ETH**, indicating a supply robustly above the burn rate. Furthermore, **Ethereum’s total revenue** has experienced a staggering decline, dropping by **69%** compared to the **150-day average** prior to the network’s latest upgrade, which has raised concerns among investors and stakeholders alike. In conjunction, the **ETH burn rate** has plummeted to over **80% below** its **150-day benchmark**, prompting discussions regarding the effectiveness of recent upgrades. This trend suggests that the market may be reassessing Ethereum’s strategic adjustments and their impact on **network health** and overall market confidence.