Ethereum ( ETH), after The Merge update 105 thousand ETHWhile removing ‘ from circulation, the deflationary aspect of the project continues to strengthen.
Ethereum, the second largest cryptocurrency by market value, had an important update for the project last year. On Ethereum, which successfully completed The Merge update, PoWlocation of the mechanism PoS got the system. This was the beginning of a new era for Ethereum. Embracing a deflationary model, Ethereum continues to reduce supply regularly. According to the latest data, the total supply since the Merge update 105,295 ETH decreased.
Ethereum Strengthens Its Deflationary Side
Ethereum ( ETH) supply, The MergeSince its update, it continues to decrease with a deflationary trend.
Ethereum data provider Ultra Sound Money, end 218 reported that approximately 202 million dollars of ETH became history during the day. The data provider will calculate the total ETH supply over the 218-day period after The Merge update. 105,295reported a decrease in number.
In addition, a total of 380,441 ETH was put into circulation in this 218-day period. However, in the same process, it seems that 485,719 ETH was also burned.
Ultra Sound Money calculates that approximately 639 thousand ETH will be circulated annually, while it estimates that approximately 815 thousand ETH will be burned annually. According to these calculations, it is predicted that the deflationary model on the Ethereum side will continue strongly.
