12-10-2022, 04:42 PM
How "inflationary" or "deflationary" ETH really is since Merge
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/zhdo5n/how_inflationary_or_deflationary_eth_really_is/"> <img src="https://external-preview.redd.it/7TyPlku4zvx2PMQsHivokvMB5tu45YVn0XKNP6kBx64.jpg?width=640&crop=smart&auto=webp&s=62f419e3d907291e1744ed5be508387508979a19" alt="How "inflationary" or "deflationary" ETH really is since Merge" title="How "inflationary" or "deflationary" ETH really is since Merge" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>We see it all the time. Three days ago news sites reported <a href="https://cryptoslate.com/eth-supply-shifts-back-to-inflationary/">ETH supply shifts back to inflationary</a>, while last month it was reported that <a href="https://cointelegraph.com/news/ethereum-turns-deflationary-for-the-first-time-since-the-merge-eth-price-still-risks-50-drop">Ethereum turned deflationary</a>.</p> <p>Let's have a look at the total ETH supply since merge to show this "action" going on right now:</p> <p><a href="https://preview.redd.it/d8666e1spy4a1.png?width=800&format=png&auto=webp&s=baf7a82a0a18bad438ea4043d8e084dd24321621">Total ETH supply since Merge</a></p> <p>Looks pretty dramatic, doesn't it? Well, no actually if you look at the numbers - which even has to be expressed with an offset because the variation is so small.</p> <p>The data in this plot only has a range of ~19k ETH. This is the difference between the highest and the lowest value since Merge. For comparison; The ETH supply increased by ~390k during the last 30 days before Merge.</p> <p>So to better express how "inflationary" or "deflationary" the ETH supply really looks like, you can also plot it with 30 days prior to Merge:</p> <p>​</p> <p><a href="https://preview.redd.it/lm0v5z15ry4a1.png?width=800&format=png&auto=webp&s=6ba171ff3a9fa9a3ef91736a4dbae96da742eb26">What's really going on: Total ETH supply since one month before Merge</a></p> <p><strong>I think this graph should express best how the ETH supply changed since Merge. Basically not at all.</strong> Calling it out as "inflationary" or "deflationary" is either counting peas or simply clickbait. What we have seen since Merge is nothing but statistical fluctuation and a long term tendency can not be determined with the limited data so far.</p> <p><strong>So be happy with the ETH you have and don't fear this bear market. They are not going to make much more of it.</strong></p> <p><sup>Disclaimer: All my data is taken from</sup> <a href="https://etherscan.io/chart/ethersupplygrowth"><sup>Etherscan</sup></a> <sup>and plotted with Matplotlib in Python for better visualization.</sup></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Maxx3141"> /u/Maxx3141 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zhdo5n/how_inflationary_or_deflationary_eth_really_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zhdo5n/how_inflationary_or_deflationary_eth_really_is/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/zhdo5n/how_inflationary_or_deflationary_eth_really_is/"> <img src="https://external-preview.redd.it/7TyPlku4zvx2PMQsHivokvMB5tu45YVn0XKNP6kBx64.jpg?width=640&crop=smart&auto=webp&s=62f419e3d907291e1744ed5be508387508979a19" alt="How "inflationary" or "deflationary" ETH really is since Merge" title="How "inflationary" or "deflationary" ETH really is since Merge" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>We see it all the time. Three days ago news sites reported <a href="https://cryptoslate.com/eth-supply-shifts-back-to-inflationary/">ETH supply shifts back to inflationary</a>, while last month it was reported that <a href="https://cointelegraph.com/news/ethereum-turns-deflationary-for-the-first-time-since-the-merge-eth-price-still-risks-50-drop">Ethereum turned deflationary</a>.</p> <p>Let's have a look at the total ETH supply since merge to show this "action" going on right now:</p> <p><a href="https://preview.redd.it/d8666e1spy4a1.png?width=800&format=png&auto=webp&s=baf7a82a0a18bad438ea4043d8e084dd24321621">Total ETH supply since Merge</a></p> <p>Looks pretty dramatic, doesn't it? Well, no actually if you look at the numbers - which even has to be expressed with an offset because the variation is so small.</p> <p>The data in this plot only has a range of ~19k ETH. This is the difference between the highest and the lowest value since Merge. For comparison; The ETH supply increased by ~390k during the last 30 days before Merge.</p> <p>So to better express how "inflationary" or "deflationary" the ETH supply really looks like, you can also plot it with 30 days prior to Merge:</p> <p>​</p> <p><a href="https://preview.redd.it/lm0v5z15ry4a1.png?width=800&format=png&auto=webp&s=6ba171ff3a9fa9a3ef91736a4dbae96da742eb26">What's really going on: Total ETH supply since one month before Merge</a></p> <p><strong>I think this graph should express best how the ETH supply changed since Merge. Basically not at all.</strong> Calling it out as "inflationary" or "deflationary" is either counting peas or simply clickbait. What we have seen since Merge is nothing but statistical fluctuation and a long term tendency can not be determined with the limited data so far.</p> <p><strong>So be happy with the ETH you have and don't fear this bear market. They are not going to make much more of it.</strong></p> <p><sup>Disclaimer: All my data is taken from</sup> <a href="https://etherscan.io/chart/ethersupplygrowth"><sup>Etherscan</sup></a> <sup>and plotted with Matplotlib in Python for better visualization.</sup></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Maxx3141"> /u/Maxx3141 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zhdo5n/how_inflationary_or_deflationary_eth_really_is/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/zhdo5n/how_inflationary_or_deflationary_eth_really_is/">[comments]</a></span> </td></tr></table>