On August 19, industry research firm Kaiko reported that gas fees for Ethereum have recently fallen to their lowest level in five years. According to Etherscan's Gas Tracker, the average network fee for Ethereum Layer 1 is currently 2.15 Gwei or just $0.13, the lowest level since 2019. Kaiko reports that fee reductions could have an impact on the issuance of Ethereum and the amount consumed when using gas. This could also have an impact on prices if supply is no longer deflationary. Meanwhile, the total supply of ETH has increased since April due to lower network fees and lower base fee destruction rates following the introduction of EIP-1559. According to ultrasound.money, ETH supply has increased by 0.2% since the beginning of April, from 2006.3 million to around 2028.6 million. This means that over the past four months, another 223,000 ETH has been added, worth around $591 million at current spot prices. According to the report, the supply of ETH has increased by 0.71% per year on a weekly basis. At the current rate of consumption, this means an increase of about 16,500 ETH per week.