02-07-2023, 09:07 AM
ETH Supply has Decreased 10k Since the Merge
<!-- SC_OFF --><div class="md"><p>With the merge greatly reducing new issuance of ETH, the total outstanding supply has just decreased by 10,000 ETH. It's important to note that this is happening during the bear market, and the burn rate is expected to ramp up significantly during a bull market. So far, ETH transactions, Uniswap, Opensea and Tether have dominated the burn leaderboard. </p> <p>Overtime it will be interesting to see how L2s impact this burn rate, and how much they will ultimately contribute to the burn themselves. Everytime an NFT is minted, bought or sold, or someone send s ETH through a transaction or swaps on Uni, they need that sweet GWEI to do it. This is a crazy economic experiment that I'm excited to have been alive at the right time to be able to invest. Here's to many 10's of thousands more!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/milehigh89"> /u/milehigh89 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10vh9og/eth_supply_has_decreased_10k_since_the_merge/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10vh9og/eth_supply_has_decreased_10k_since_the_merge/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>With the merge greatly reducing new issuance of ETH, the total outstanding supply has just decreased by 10,000 ETH. It's important to note that this is happening during the bear market, and the burn rate is expected to ramp up significantly during a bull market. So far, ETH transactions, Uniswap, Opensea and Tether have dominated the burn leaderboard. </p> <p>Overtime it will be interesting to see how L2s impact this burn rate, and how much they will ultimately contribute to the burn themselves. Everytime an NFT is minted, bought or sold, or someone send s ETH through a transaction or swaps on Uni, they need that sweet GWEI to do it. This is a crazy economic experiment that I'm excited to have been alive at the right time to be able to invest. Here's to many 10's of thousands more!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/milehigh89"> /u/milehigh89 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10vh9og/eth_supply_has_decreased_10k_since_the_merge/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/10vh9og/eth_supply_has_decreased_10k_since_the_merge/">[comments]</a></span>