Ether to become net-inflationary over 2 years after PoS Merge
Two years and 143 days since Ethereum’s switch to proof-of-stake (PoS), dubbed the “Merge,” Ether (ETH), is once again set to become net-inflationary. The advent of “blobs,” drastically reducing the gas fees paid by Layer Two (L2) networks, bucked the “ultrasound” trend last April, shortly after being introduced via the Dencun upgrade. With a current daily positive supply of just over 1,570 ETH, the balance is projected to flip positive in just over 24 hours. Low usage stops post-merge Ethereum from becoming deflationary Read more: Little-known crypto makes ETH deflationary — but for how long? The post-Merge vision for ETH as an ‘ultrasound’, deflationary asset got off to a slow start, briefly punctuated by panic surrounding the collapse of FTX. With the Merge coming in the depths of a bear market, low network activity saw insufficient ETH burned as the network’s “base” gas fee compared to newly minted tokens. ...