How is the Ethereum network doing these days? It has been a rough period for ETH as it has been constantly bleeding against BTC in the last two years. On the other hand, there is now more competition in the space like Solana, BSC, SUI etc that are taking market share.
In the very last days Ethereum has show some signs of recovery against BTC. But still far from its heights.
Since the PoS update the inflation for Ethereum is reduced by 90%, from 4.3% to 0.43%. Additionally, part of the ETH for transactions is burned, that pushed Ethereum into deflationary territory. Meanwhile, the share of staked ETH kept on growing drying up the liquid ETH supply.