Ether Issuance Goes Negative as Merge Delivers on Deflationary Promise

Shrinking Supply is Attracting Institutional Investors

By: Samuel Haig • Loading...

Ether Issuance Goes Negative as Merge Delivers on Deflationary Promise

It was one of the great promises of The Merge — the Ethereum network would become deflationary.

Now six weeks after Ethereum shifted to Proof of Stake it looks like that promise is becoming reality. The network is producing negative issuance over the past 30 days, according to data from Ultra Sound Money.

To read the full story subscribe to The Defiant newsletter.

Ethereum Ethereum

Get the best of The Defiant directly in your inbox 💌

Know what matters in Web3 with The Defiant Daily newsletter, every weekday

90k+ investors informed every day. Unsubscribe anytime.

Trending Now

Punk 635 Sold for $12M in 4th-Highest CryptoPunk Sale Ever

Punk 635 was bought for 4,000 ETH.

Restaking Overtakes Liquid Staking In Monthly Inflows

The biggest winner was EtherFi, while Lido saw $1B+ of outflows.

Bitcoin, Ethereum Trade Lower As Whales Show Signs Of FOMO

Santiment reports that wallets containing 1,000 to 10,000 BTC have accumulated $17 billion worth of Bitcoin in 2024.

Reya’s Liquidity Generation Event Attracts $100 Million In Less Than 24 Hours

Reya facilitates shared liquidity among native decentralized exchanges.

Renzo’s Restaked ETH Depegs to $700 As Season 1 of Airdrop Ends

The de-peg led to liquidations across DeFi protocols Gearbox and Morpho Labs.

Grayscale Seeks SEC Nod To Introduce ‘Mini’ Ethereum ETF

If approved, Grayscale's Ethereum Mini Trust would be seeded with Ether from the Grayscale Ethereum Trust.