Ethereum\'s deflationary period has officially completed 30 days, marking a significant milestone in the cryptocurrency\'s evolving economic model. Investors and enthusiasts alike are closely watching the impact of this deflationary mechanism on ETH\'s price and overall network health.

According to data aggregator Ultrasound.money, in the past 30 days alone, the supply of Ethereum on the entire network has surged to nearly 30,000, worth a substantial amount. This demonstrates the significant burn rate exceeding the issuance rate, contributing to the overall deflationary trend.

As ultrasound.money suggests, Ethereum has been deflationary for more than 30 days, the longest period we have seen. This sustained period of reduced supply is fueling discussions about Ethereum\'s long-term value proposition and its potential to become an even scarcer asset.

The implications of this extended deflationary period are far-reaching. The decreased ETH supply, coupled with increasing demand, could lead to upward pressure on the price of Ethereum. Furthermore, it reinforces Ethereum\'s position as a store of value and a viable alternative to traditional financial assets.

While the current deflationary period is significant, it\'s important to remember that the dynamics of Ethereum\'s supply can change. According to the calculation, Ethereum\'s supply will slowly start...to be affected by future network activity and EIP-1559 burning mechanics. Keeping a close watch on key metrics from sources like Ultrasound.money will be crucial for understanding the future trajectory of Ethereum\'s supply and its impact on the broader crypto market.

Stay updated on the latest Ethereum news and analysis to navigate the evolving landscape of this innovative blockchain platform.