ETH is turning into a deflationary dreamboat thanks to the Merge!
Remember that endless supply of ETH? Gone! Now, with every transaction, some ETH gets burned forever, making it scarcer than ever.
Think about it: **increased demand + decreased supply = potential price BOOM! ** But wait, there's more!
The burning rate is actually exceeding the issuance rate, meaning the total supply of ETH is SHRINKING, not just staying the same. This could be HUGE for long-term ETH holders.
But is it time to FOMO in right now? That's the million $ETH question. DYOR, NFA, but this burning mechanism is a game-changer for ETH's future.
In white line eth POW vs blue line eth POS 1 day time frame.
Orange is BTC issued in 1 day.
2.9k ETH has been burned the last day.
