According to data disclosed by Bankless, since Ethereum transitioned to proof of stake, only 1,084 ETHs have been issued as of October 29.
This means that only 13.06 ETH is issued per day (about $20,000 at current prices), with an annualized inflation rate of just 0.008%.
If Ethereum continued to operate under its old consensus mechanism, a whopping 518,966 ETH would be issued during the same period, with an annualized inflation rate of 3.599%.
This means that despite being in the depths of a bear market under EIP-1559 with minimal fee consumption, Ethereum has reduced its issuance by 99.99% under the PoS regime. Compared to the amount of ETH issued under proof-of-work, this reduction is more significant, indicating that the impact of the merger is already apparent.
