• bitcoinBitcoin (BTC) $ 108,531.00
  • ethereumEthereum (ETH) $ 4,399.51
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.80
  • bnbBNB (BNB) $ 860.62
  • solanaSolana (SOL) $ 202.77
  • usd-coinUSDC (USDC) $ 0.999810
  • staked-etherLido Staked Ether (STETH) $ 4,384.89
  • dogecoinDogecoin (DOGE) $ 0.215683
  • tronTRON (TRX) $ 0.340619
  • cardanoCardano (ADA) $ 0.829195
  • wrapped-stethWrapped stETH (WSTETH) $ 5,330.61
  • chainlinkChainlink (LINK) $ 23.36
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,738.78
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 108,476.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • wrapped-eethWrapped eETH (WEETH) $ 4,704.62
  • hyperliquidHyperliquid (HYPE) $ 43.46
  • suiSui (SUI) $ 3.32
  • stellarStellar (XLM) $ 0.358125
  • crypto-com-chainCronos (CRO) $ 0.319272
  • bitcoin-cashBitcoin Cash (BCH) $ 535.91
  • avalanche-2Avalanche (AVAX) $ 23.66
  • hedera-hashgraphHedera (HBAR) $ 0.226517
  • wethWETH (WETH) $ 4,390.03
  • leo-tokenLEO Token (LEO) $ 9.51
  • litecoinLitecoin (LTC) $ 110.60
  • usdsUSDS (USDS) $ 0.999837
  • the-open-networkToncoin (TON) $ 3.10
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 108,653.00
  • whitebitWhiteBIT Coin (WBT) $ 42.35
  • uniswapUniswap (UNI) $ 9.76
  • polkadotPolkadot (DOT) $ 3.79
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.55
  • moneroMonero (XMR) $ 266.23
  • aaveAave (AAVE) $ 316.74
  • daiDai (DAI) $ 1.00
  • ethenaEthena (ENA) $ 0.671939
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.18
  • okbOKB (OKB) $ 177.94
  • ethereum-classicEthereum Classic (ETC) $ 21.06
  • bittensorBittensor (TAO) $ 324.71
  • nearNEAR Protocol (NEAR) $ 2.45
  • jito-staked-solJito Staked SOL (JITOSOL) $ 248.58
  • aptosAptos (APT) $ 4.30
  • pi-networkPi Network (PI) $ 0.369140
  • ondo-financeOndo (ONDO) $ 0.914292
  • usdt0USDT0 (USDT0) $ 1.00
  • arbitrumArbitrum (ARB) $ 0.503187
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,397.53
  • internet-computerInternet Computer (ICP) $ 4.90
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.243487
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 217.06
  • kaspaKaspa (KAS) $ 0.085198
  • vechainVeChain (VET) $ 0.024649
  • cosmosCosmos Hub (ATOM) $ 4.53
  • algorandAlgorand (ALGO) $ 0.236806
  • gatechain-tokenGate (GT) $ 17.07
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,999.18
  • susdssUSDS (SUSDS) $ 1.07
  • fasttokenFasttoken (FTN) $ 4.52
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.40
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030192
  • story-2Story (IP) $ 6.25
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,604.25
  • render-tokenRender (RENDER) $ 3.50
  • worldcoin-wldWorldcoin (WLD) $ 0.911249
  • kucoin-sharesKuCoin (KCS) $ 13.98
  • sei-networkSei (SEI) $ 0.289286
  • bonkBonk (BONK) $ 0.000022
  • bfusdBFUSD (BFUSD) $ 0.999300
  • official-trumpOfficial Trump (TRUMP) $ 8.41
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,618.83
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.626222
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,737.48
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 43.62
  • filecoinFilecoin (FIL) $ 2.30
  • jupiter-exchange-solanaJupiter (JUP) $ 0.501350
  • flare-networksFlare (FLR) $ 0.021124
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,429.00
  • skySky (SKY) $ 0.063198
  • usdtbUSDtb (USDTB) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.080259
  • memecoreMemeCore (M) $ 0.853584
  • fourFour (FORM) $ 3.70
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999868
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,636.95
  • falcon-financeFalcon USD (USDF) $ 1.00
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,712.80
  • tether-goldTether Gold (XAUT) $ 3,457.74
  • injective-protocolInjective (INJ) $ 13.16
  • optimismOptimism (OP) $ 0.712150
  • celestiaCelestia (TIA) $ 1.65
  • pump-funPump.fun (PUMP) $ 0.003552
  • hash-2Provenance Blockchain (HASH) $ 0.025725
  • nexoNEXO (NEXO) $ 1.24
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 229.82
  • wbnbWrapped BNB (WBNB) $ 860.79
  • paypal-usdPayPal USD (PYUSD) $ 0.999569
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997977
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,446.00
  • pyth-networkPyth Network (PYTH) $ 0.196620
  • blockstackStacks (STX) $ 0.626157
  • lido-daoLido DAO (LDO) $ 1.23
  • curve-dao-tokenCurve DAO (CRV) $ 0.780994
  • spx6900SPX6900 (SPX) $ 1.14
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • sonic-3Sonic (S) $ 0.318540
  • conflux-tokenConflux (CFX) $ 0.196601
  • aerodrome-financeAerodrome Finance (AERO) $ 1.12
  • immutable-xImmutable (IMX) $ 0.523406
  • super-oethSuper OETH (SUPEROETH) $ 4,391.43
  • pax-goldPAX Gold (PAXG) $ 3,459.43
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • msolMarinade Staked SOL (MSOL) $ 267.39
  • the-graphThe Graph (GRT) $ 0.088817
  • raydiumRaydium (RAY) $ 3.44
  • saros-financeSaros (SAROS) $ 0.350394
  • flokiFLOKI (FLOKI) $ 0.000095
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 108,676.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,374.99
  • kaiaKaia (KAIA) $ 0.148268
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.50
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,245.67
  • clbtcclBTC (CLBTC) $ 109,858.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,392.79
  • dogwifcoindogwifhat (WIF) $ 0.808935
  • pendlePendle (PENDLE) $ 4.71
  • fartcoinFartcoin (FARTCOIN) $ 0.792126
  • vaultaVaulta (A) $ 0.497228
  • tezosTezos (XTZ) $ 0.744358
  • theta-tokenTheta Network (THETA) $ 0.786547
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.55
  • iotaIOTA (IOTA) $ 0.192331
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.17
  • galaGALA (GALA) $ 0.016325
  • loaded-lionsLoaded Lions (LION) $ 0.024043
  • ousgOUSG (OUSG) $ 112.39
  • jito-governance-tokenJito (JTO) $ 1.94
  • jasmycoinJasmyCoin (JASMY) $ 0.014716
  • ripple-usdRipple USD (RLUSD) $ 1.00
  • build-onBUILDon (B) $ 0.691541
  • newton-projectAB (AB) $ 0.009156
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997668
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • the-sandboxThe Sandbox (SAND) $ 0.276079
  • stader-ethxStader ETHx (ETHX) $ 4,694.98
  • morphoMorpho (MORPHO) $ 2.01
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,717.13
  • zcashZcash (ZEC) $ 39.98
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,390.63
  • bittorrentBitTorrent (BTT) $ 0.00000066
  • flowFlow (FLOW) $ 0.398804
  • tbtctBTC (TBTC) $ 108,347.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,827.38
  • usual-usdUsual USD (USD0) $ 0.997916
  • swethSwell Ethereum (SWETH) $ 4,748.95
  • beldexBeldex (BDX) $ 0.076096
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.215833
  • global-dollarGlobal Dollar (USDG) $ 0.999954
  • walrus-2Walrus (WAL) $ 0.388617
  • decentralandDecentraland (MANA) $ 0.284893
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 108,432.00
  • syrupMaple Finance (SYRUP) $ 0.472339
  • vision-3Vision (VSN) $ 0.162994
  • bitcoin-svBitcoin SV (BSV) $ 26.10
  • ether-fiEther.fi (ETHFI) $ 1.10
  • frax-etherFrax Ether (FRXETH) $ 4,358.65
  • true-usdTrueUSD (TUSD) $ 0.997164
  • starknetStarknet (STRK) $ 0.128302
  • neoNEO (NEO) $ 6.96
  • dydx-chaindYdX (DYDX) $ 0.619975
  • heliumHelium (HNT) $ 2.57
  • based-brettBrett (BRETT) $ 0.048232
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,389.63
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,143.00
  • apecoinApeCoin (APE) $ 0.569799
  • apenftAPENFT (NFT) $ 0.00000045
  • usddUSDD (USDD) $ 0.999780
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007508
  • zksyncZKsync (ZK) $ 0.061436
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 223.17
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • telcoinTelcoin (TEL) $ 0.004757
  • sun-tokenSun Token (SUN) $ 0.022855
  • coredaoorgCore (CORE) $ 0.431858
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999792
  • savings-daiSavings Dai (SDAI) $ 1.16
  • dexeDeXe (DEXE) $ 7.49
  • instadappFluid (FLUID) $ 6.27
  • thorchainTHORChain (RUNE) $ 1.21
  • arweaveArweave (AR) $ 6.43
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999811
  • elrond-erd-2MultiversX (EGLD) $ 14.58

Ethereum (ETH) in Deflationary Territory as Supply Drops Post-Merge

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Ethereum (ETH) in Deflationary Territory as Supply Drops Post-Merge

The supply of the second-largest cryptocurrency by market capitalization, Ethereum’s ether, has dropped by around 0.02% over the past two years after the network’s merge with the Beacon Chain, which moved it to a Proof-of-Stake consensus algorithm.

According to the founder of 1confirmation Nick Tomaino, over the same period the supply of the flagship cryptocurrency bitcoin moved up 1.83% per year to 19.8 million BTC. Per his words, while knowing bitcoin’s supply is capped to 21 million that will be mined by 2140 is “better than trusting central bankers,” deflation based on usage “is better still.”

Tomaino added that when it comes to “fundamentals and sound monetary policy, there is no second best” referring to ether. After the implementation of Ethereum Improvement Proposal (EIP) 1559 in August 2021 as part of the London hard fork, every ether transaction includes a base fee that is automatically burned, it’s worth noting.

https://twitter.com/NTmoney/status/1873486334020702230

According to data from Ultrasound Money, a platform tracking Ethereum’s supply change, a total of 53,514.62 ETH has been burned since the network’s merge, meaning around $175.9 million worth of the second-largest digital asset by market capitalization has been burned since the upgrade over two years ago.

The current supply of ether is of around 120.4 million ETH and the network’s supply has been decreasing by 0.02% per year since the upgrade. Over the last 30 days, lower usage has meant the supply growth is of 0.31% for a year, with 947,000 ETH being issued per year and annualized burns equating to 575,000 ETH, the platform’s data shows.

As CryptoGlobe reported, The spot ether exchange-traded fund (ETF) launched by the world’s largest asset manager earlier this year now holds a substantial trove of ETH, having recently surpassed one million tokens.

According to data from BlackRock’s website and the Ethereum blockchain — first spotted by Arkham Intelligence — the iShares Ethereum Trust ETF (ETHA) fund now holds 1.065 million ETH worth a market value of over $3.5 billion after seeing significant inflows over the past few weeks, according to CoinGlass data.

Featured image via Unsplash.

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