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Ethereum (ETH) recently experienced its highest rate of inflation since its launch as users shifted to Layer 2 blockchains. Whales are now switching to deflationary tokens, such as Shiba Inu (SHIB) and Rollblock (RBLK), instead. Rollblock’s industry-leading deflationary tokenomics has it on track to be the top altcoin in 2024, with estimates of 100x growth.
<h3 id="strong-increased-use-of-layer-2-blockchains-leads-to-inflation-for-ethereum-strong">Increased Use of Layer 2 Blockchains Leads to Inflation for Ethereum&nbsp;</h3>
Ethereum’s Dencun upgrade opened the way for Layer 2 blockchains to add to scalability and transactions. While this brought more users into the Ethereum ecosystem, it also led to more off-chain transactions. As a result, Ethereum now has an annual inflation rate of 0.37%.
Ethereum’s price has dropped 25% since the launch of the ETFs. The whales moving to deflationary tokens have piled additional pressure on the Ethereum price, with a 2% drop on a day while the rest of the market is recovering.
<h3 id="strong-shiba-inu-s-deflationary-tokenomics-stands-out-among-meme-coins-strong">Shiba Inu’s Deflationary Tokenomics Stands Out Among Meme Coins&nbsp;</h3>
Shiba Inu’s strict deflationary tokenomics set it apart from other meme coins. Since its ICO, Shiba Inu has been on a strong deflationary path with regular burn events. The recent 3,500% increase in Shiba Inu’s burn rate has drawn crypto whales looking to escape the spike in inflation in the Ethereum token.
The Shiba Inu price is up 3% this week as whales start to move over from Ethereum. This has led to a 33% total increase on the year for the Shiba Inu price, with SHIB now trading at $0.00001356.&nbsp;
<h3 id="strong-rollblock-features-the-industry-s-most-aggressive-deflationary-tokenomics-strong">Rollblock Features the Industry’s Most Aggressive Deflationary Tokenomics</h3>
Whales looking for deflationary tokenomics have found an even better destination in Rollblock, a top altcoin in the GambleFi niche.
Rollblock’s deflationary tokenomics is driven by its aggressive buyback program. Rollblock uses up to 30% of the casino’s daily revenue to buy its own token back from the market. Rollblock then burns 50% of these tokens to ensure a steady rate of deflation for the token. The remaining 50% of the tokens are used as staking rewards, with some of the highest APYs in the industry.
<h3 id="strong-whales-are-also-impressed-by-rollblock-s-next-generation-crypto-casino-strong">Whales are also impressed by Rollblock’s next-generation crypto casino.</h3>
Rollblock’s casino has more than 150 of the best games in the industry on a platform with the latest in UX design. This is a notable difference from the plain and dated interfaces at traditional online casinos. Rollblock is also in the process of adding a massive sports betting platform that will offer odds on almost every event in the world.
The global gambling industry is a $450 billion market that is almost untouched by crypto innovations. Based on its revolutionary tokenomics and next-generation player experience, analysts expect Rollblock to rapidly accumulate market share this year.
Current estimates expect 100x growth for RBLK in 2024 alone. Rollblock is now in stage 5 of its presale at the low price of $0.0205. Stage five has become Rollblock’s fastest-selling round to date. As a result, tokens are expected to see several increases before the end of August.&nbsp;
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: <a href="https://presale.rollblock.io/" target="_blank" rel="noopener noreferrer nofollow">https://presale.rollblock.io/</a> Socials: <a href="https://linktr.ee/rollblockcasino" target="_blank" rel="noopener noreferrer nofollow">https://linktr.ee/rollblockcasino</a>
The post <a href="https://www.ethnews.com/ethereum-supply-inflation-struggles-as-network-activity-drops-crypto-whales-switch-to-deflationary-tokens-like-shiba-inu-and-rollblock/" rel="noopener noreferrer nofollow">Ethereum Supply Inflation Struggles As Network Activity Drops; Crypto Whales Switch To Deflationary Tokens Like Shiba Inu and Rollblock</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Ethereum Supply Inflation Struggles As Network Activity Drops; Crypto Whales Switch To Deflationary Tokens Like Shiba Inu and Rollblock

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