Ethereum supply falls by 105,143 ETH after The Merge

After The Merge, the aggregate market supply of the second-largest cryptocurrency by market cap decreased by 105,143 ETH (~$202.2m). Data from ultrasound.money.

Over the last 24 hours, 4,190 ETH were removed from circulation.

218 days after the transition to the Proof-of-Stake consensus algorithm, annualized network deflation stood at 0.15%.

For comparison, if the Proof-of-Work had persisted, the supply could have risen by 2.52 million ETH at an annual inflation of 3.42%.

Thanks to the implementation of EIP-1559 as part of the London hard fork, in the network 815,000 ETH ($1.3 billion) were burned.

In April, the daily inflow into staking Ethereum for the first time since the activation of the Shapella hard fork exceeded the outflow.

The day before, the latest metric since the activation of the aforementioned update exceeded 1 million ETH.