Anniversary of Major Upgrade in Ethereum: Net Supply Decreased by 300 Thousand ETH in One Year!

A year after Ethereum’s big Merge upgrade, its net supply in circulation has decreased by approximately 300 thousand ETH.

One of the major upgrades in Ethereum history. The Merge It happened today last year. With this upgrade, Ethereum Proof of Work (PoW) from the mechanism Proof of Stake (PoS) system and launched a remarkable Ethereum close strategy.

According to data from ultrasound.money, the platform that provides current data on the Ethereum network, since last year 680 thousand 455 ETH was printed and accordingly 980 thousand 377 ETH was burned. Net circulating supply of Ethereum over a one-year period 299 thousand 922 ETH decreased.

According to the data, if Ethereum had remained in the PoW system, this would have been in circulation in a one-year period. net supply 3.8 million ETH well It would increase by 3%. However, thanks to the PoS system, net supply on an annual basis decreased by 0.249% happened.

One of the biggest reasons for market analysts who have a positive perspective on the future of Ethereum is that Ethereum will make a big difference over time thanks to its PoS system. supply shortage It depends on whether you will live. According to this view, decreasing supply has a great impact on increasing demand. to price jump It is believed that it will lead to

With the upgrade, Ethereum became more environmentally friendly and deflationary.

According to CoinGecko data, in the last year %2 Ethereum gaining value, at the time of writing from $1,622 finds buyers.

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