It has been 105 days since Ethereum transitioned from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) network and since then only 4,790.45 Ethereum have been minted.
Ethereum’s issuance rate is 0.014%/year, compared to a simulated PoW inflation rate of 3.58%/year
The Ethereum (ETH) network has been running on its proof-of-stake (PoS) consensus algorithm for more than three months. During that time, only 4,790.45 Ethereum (or $5.7 million in value) have been added. According to ultrasound.money, the current issuance rate for new Ethereum is 0.014% per year.
This is significantly different from what it would have been if Ethereum had remained on the PoW chain. According to ultrasound.money simulation metrics, the issue rating or inflation rate would have been 3.58% per year. The supply would have been increased by approximately 1,247,674.60 ETH as of 10:15 (ET) December 29, 2022, adding $5.7 million to the value of the chain, or more than $1.5 billion.
The lower issuance rate is not the only benefit. Ethereum also features a burn mechanism, and since then around 658,000 ETH has been destroyed or $8.78 trillion in US dollars. According to Dune Analytics, the largest ETH transfer provider in terms of ETH burned is traditional Ethereum transfers, accounting for 247.008 ETH. Non-fungible token (NFT) marketplace Opensea has burned 229,928.53 ETH, followed by decentralized exchange (DEX) Uniswap V2 (143.394.07 ETH) and swaprouter 02 (110,868.70 ETH).
Furthermore, the Ethereum network currently has close to 500,000 validators.