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![Axel_bitblaze69 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::3168947216.png) Axel Bitblaze 🪓 [@Axel_bitblaze69](/creator/twitter/Axel_bitblaze69) on x 126.4K followers
Created: 2025-05-09 08:28:39 UTC

btw $ETH is quietly going deflationary again..  and nobody’s talking about it.

Here’s what’s happening:

– Total supply: 120.73M ETH
– Around XXX ETH burned every day
– Annual inflation rate is Negative XXX%
– 33.8M ETH is staked, so not even in circulation
– Network doing ~1.28M transactions daily
– Gas fees around XXX Gwei on average

Pectra upgrade boosted activity on-chain, which means more ETH is getting burned.

Less ETH issued, more ETH burned = supply is tightening. Higher!


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1920757799165862076/c:line.svg)

**Related Topics**
[total supply](/topic/total-supply)
[onchain](/topic/onchain)
[gdp growth](/topic/gdp-growth)
[inflation](/topic/inflation)
[$eth](/topic/$eth)
[ethereum](/topic/ethereum)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/Axel_bitblaze69/status/1920757799165862076)