Feeling Cold? ETH Daily Burn Hits All-Time Low, Active Address Count Drops to Six-Month Low
Original Article Title: "Is Ethereum Being Left Behind? Daily Burn Rate Hits New Low, 'Disinflationary Asset,' ETH Active Addresses Hit Six-Month Low"
Original Article Author: James, BlockTempo from Dooqu Trending
When Ethereum implemented the London upgrade in August 2021, it introduced EIP-1559, which simplified the transaction fee mechanism and required the network to burn all ETH used to pay the base fee. The design purpose of this mechanism was to reduce inflationary pressure and potentially turn Ethereum into a deflationary asset during periods of high network activity.
Daily ETH Burn Rate Hits Historic Low
However, according to data from The Block, the Ethereum network only burned 53.07 ETH in a single day last Saturday, which, at the current price, is worth only about $10.6 thousand, setting a new historic low.

Image Source: The Block
Additionally, according to data from Ultrasound.money, if the past seven days' burn rate is considered, the estimated annual supply growth rate of Ether would be 0.76%.

Image Source: Ultrasound.money
This low burn rate corresponds well with the decline in other Ethereum activity indicators, such as the number of active addresses. According to The Block's data, the seven-day moving average of active addresses has recently dropped to its lowest point since October 2024. New address creations, transaction counts, and daily transaction volumes have also seen declines in the past few weeks.

Image Source: The Block
Ethereum Foundation Considers Course Correction
During Ethereum's stagnation, Standard Chartered Bank recently significantly lowered its price forecast for Ethereum in 2025 from the original $10,000 to $4,000. This adjustment was due to the rapid growth of Ethereum's Layer 2 solutions in both number and scale.
In this report, Standard Chartered Bank points out that Ethereum is currently at a crossroads. While its various metrics still dominate the blockchain space, this dominance is gradually waning. Ethereum's proud Layer2 networks, originally intended to improve Ethereum's scalability, are now seen to have only Coinbase's Layer2 network, Base Chain, causing a $500 billion reduction in Ethereum's market cap.
To prevent this trend from continuing, Standard Chartered Bank suggests that the Ethereum Foundation needs to change its business direction, such as implementing taxes on Layer2. Additionally, if the tokenization market can experience significant growth, Ethereum may be able to maintain about an 80% share of security in this field, which could provide some support for Ethereum.
As Ethereum faces a trust crisis, Haseeb Qureshi, Managing Partner at Dragonfly, recently revealed that the Ethereum Foundation is actively responding to community feedback and considering adjusting its operational direction. The leadership is seriously contemplating how to draw lessons from other success stories, particularly Solana's Superteam model, shifting the focus from pure research to promoting project development and investment activities.
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Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.
The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.
Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.
Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.
The trading process has been streamlined into five steps:
· Choose the trading asset
· Select long or short
· Input position size and leverage
· Confirm order details
· Confirm and open the position
The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.
Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:
· End-to-end encrypted private groups supporting up to 1024 members
· End-to-end encrypted voice communication
· One-click position sharing
· One-click trade copying
On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.
By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.
Mixin has also introduced a referral incentive system based on trading behavior:
· Users can join with an invite code
· Up to 60% of trading fees as referral rewards
· Incentive mechanism designed for long-term, sustainable earnings
This model aims to drive user-driven network expansion and organic growth.
Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:
· Separation of transaction account and asset storage
· User full control over assets
· Platform does not custody user funds
· Built-in privacy mechanisms to reduce data exposure
The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.
Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.
The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.
Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.
This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."
The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.
Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.
Its core capabilities include:
· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations
· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets
· Decentralization: achieving full user control over assets without relying on custodial intermediaries
· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication
Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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