đ„ Ethereumâs Deflationary Shift Is Getting Real
In the past 30 days, over 9,600 $ETH has been burned â roughly $380M/year if this pace continues.
Whatâs driving it?
Blob fees from Layer 2 networks after EIP-4844.
This upgrade changed the burn dynamics:
âą Every rollup transaction now burns ETH directly
âą Rather than just consuming standard gas like before
So instead of L2 activity just using Ethereum, it now actively reduces ETH supply.
đ Current Supply Status
âą Annual issuance: ~971K ETH
âą Annual burn rate: ~118K ETH
â Net inflation: ~0.7% / year (still slightly inflationary, but trending downward)
The key variable now is L2 adoption.
If platforms like:
âą Base
âą Lighter
âą zkSync / Scroll / Starknet
continue to grow and push more data through blobsâŠ
Then the burn rate will accelerate â fast.
Supply down. Demand steady or rising.
You know what happens next. đ
Deflation isnât guaranteed â but the trajectory is clear.
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