farpotion

btw $ETH is quietly going deflationary again..  and nobody’s talking about it.

Here’s what’s happening:

– Total supply: 120.73M ETH
– Around 589 ETH burned every day
– Annual inflation rate is Negative 0.5%
– 33.8M ETH is staked, so not even in circulation
– Network doing ~1.28M transactions daily
– Gas fees around 7.9 Gwei on average

Pectra upgrade boosted activity on-chain, which means more ETH is getting burned.

Less ETH issued, more ETH burned = supply is tightening. Higher!