According to data disclosed by Bankless, since ETH 0.14%/">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.
