Olaseay (olaseay)

Gm

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Since March, the outlook for Ethereum (ETH) recovery has been dim. The burn rate has hit an all-time low, while inflation has soared to all-time highs since the switch to Proof of Stake (POS). By the next halving, ETH could surpass Bitcoin in terms of issuance. The transition to Layer 2 solutions isn't generating enough usage to drive demand. Currently, the primary use case for ETH seems to be moving stablecoins. Additionally, Uniswap's trading volume is declining sharply, with current activity barely over 10% of what it was in March, and the downward trend continues.

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Market Update ❤️ The workweek is coming to an end; let's see how it closes today. BTC: $57,978 ETH: $2,584 Fear Index: 27 Altseason Index: 22 Long/Short Ratio: 52/48 Bitcoin Dominance: 56.97%

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recast:farcaster://casts/0x6292b042aa5b4ed2611481790c461d91c83abdb4b07e5f47ad674e6db4db8580

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