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![cas_abbe Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1242073759735058432.png) Cas Abbé [@cas_abbe](/creator/twitter/cas_abbe) on x 96.6K followers
Created: 2025-05-08 15:32:52 UTC

Ethereum's Pectra Upgrade has been really successful.

Hours after the Pectra Upgrade, ETH annual inflation dropped from XXX% to -0.53%.

In simple terms, ETH has turned deflationary again.

Also, daily ETH burn has doubled since Pectra Upgrade, which is the reason behind ETH's pump.

We all know that ETH has been underperforming this entire cycle, due to lack of demand and increasing supply.

If ETH burn increases, the supply issue will be resolved and it will eventually attract demand too. 

It feels like $3K ETH in Q2 is coming.

![](https://pbs.twimg.com/media/Gqb-gKzXUAAoPr3.jpg)

XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1920502165329551364/c:line.svg)

**Related Topics**
[has been](/topic/has-been)
[inflation](/topic/inflation)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/cas_abbe/status/1920502165329551364)