Ethereum Defies Bearish Short Report as $1.2B Daily Burn Continues to Outpace Network Inflation

TLDR: Ethereum daily ETH burn reached $1.2B in February 2026, still outpacing the 0.8% annual inflation rate. Validator APR held at 4–5% in March 2026, marginally above the 10-year U.S. Treasury yield of 4.2%. After removing L2 batch submissions, spam transactions account for only 4% of real network activity. Active Ethereum addresses surged 117% year-over-year, [...]

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