X @Ignas | DeFi

ETH Supply Dynamics - Over 30 days, 6,000 ETH (Ethereum) were burned versus 79,000 ETH issued [1] - The market anticipates that ETH will become unstoppable [2] On-Chain Metrics & Requirements for Price Increase - The market observes a strong bullish narrative for ETH [3] - For a significant upward price movement, strong on-chain metrics for Layer 1 (L1) are desired [3] - Transaction count needs to break a 3-year slowdown [3] - Active addresses need to start increasing [3] - Price increase, transactions, and active addresses have yet to make ETH deflationary [3] - Scaling the L1 is necessary [3] - New decentralized applications (dApps) on the mainnet are needed [3] - More activity on the L1 is required [3]