Ethereum supply has decreased by more than 80,000 ETH since the Merge update, and the annual deflation rate is 0.11%
Decreasing Ethereum supply may be due to a variety of factors such as token destruction (or "token burning"), diminishing mining rewards, or users withdrawing their ETH from exchanges to keep in personal wallets . The Merge update, which involves the transition from proof-of-work (PoW) consensus algorithm to proof-of-stake (PoS), could also contribute to the decrease in Ethereum offer. In the PoS system, validators are required to hold a certain amount of ETH as collateral, which could lead to a decrease in available supply as more ETH is stuck in the network. Regarding the annual deflation rate, it is important to note that it can fluctuate depending on various factors, such as supply and demand in the market, the monetary policy of the Ethereum network and geopolitical events that may affect the value of ETH.
In addition, Ethereum's pledge amount is about 18.03 million and APY's annual pledge yield is 3.77% There are still 2 days and 12 hours left before the Merge update.
