Categories: Crypto News

Ether (ETH) Daily Token Issuance Dips By 97% After Ethereum’s PoS Upgrade

Summary:

  • The rate at which Ethereum’s network churns out new Ether tokens on a daily basis has dropped by a staggering 97% following the proof-of-stake upgrade in September.
  • Per Delphi Digital’s analysis, net daily emissions have dropped from over 12,000 tokens before the Merge to under 4,000 ETH post-merge.
  • The pattern marks a milestone in Ether’s chain as the network achieved deflationary status for the first time since its PoS upgrade, a Coinbase report explained.
  • More coins were burned validating transactions than were issued since September 15 when the update went live.
  • ETH’s price was over 6% down on 24-hour charts at press time despite the token’s supply hitting deflation.

Ethereum’s net daily emissions dropped significantly following the network’s upgrade to a proof-of-stake consensus mechanism from its previous proof-of-work model. The transition known as the Merge went live on September 15 and is one of five upgrades planned for the blockchain. 

Data from on-chain analysis platform Delphia Digital showed that daily ETH issuance dipped below 4,000 tokens post-merge from over 12,000 tokens before the PoS upgrade. The sharp drop represents a 97% reduction in new ETH coins issued on the network. 

Net Daily ETH Emissions

Ethereum Goes Green And Deflationary

A separate report from Coinbase on Thursday also pointed out that more ETH was burned validating transactions compared to the new tokens that were issued in the period since the merge. The combination has propelled the Ethereum network to a deflationary state, a landmark moment for the second-largest blockchain in the world. 

Indeed, the switch to a PoS structure also means that Ethereum has gone green since PoS blockchains boast energy efficiency and lower carbon emissions compared to PoW networks. 

Ether Price Down Despite Deflationary Milestone

While the Merge has come and gone, ETH’s price remained in a slump along with the broader cryptocurrency market. Although, technical analysts and crypto proponents like Bitmex CEO Arthur Hayes opined that ETH’s price is due for a surge following the latest technological upgrade. 

At press time, ETH was down over 6.8% and exchanged hands around $1,210 per data from TradingView. 

ETH/USDT Chart by Trading View
Evelyn

Recent Posts

If Bitcoin (BTC) Maintains This Critical Support Level, Then $100K Is Possible Again: Analysis

Bitcoin has officially confirmed the start of a new weekly cycle, according to veteran market…

8 hours ago

MCP and Web3: Lumoz Empowers New Potential for AI-Driven Decentralized Applications

Bangkok, Thailand, 28th April 2025, ZEX PR WIRE, MCP (Meta Context Protocol), as an emerging interaction…

1 day ago

Mark Your Calendars: Troller Cat’s Presale Goes Live on May 2

Time to Troll Your Way to Riches London, United Kingdom, 28th April 2025, ZEX PR…

1 day ago

Spire Solutions, the Official Distribution Partner for GISEC 2025, to showcase AI-driven Cybersecurity Innovation

Dubai, UAE, 28th April 2025, ZEX PR WIRE, Spire Solutions, META’s trusted partner for unique cybersecurity,…

1 day ago

Solana Meme Coins Explode: TRUMP, BONK, and WIF Lead Meme Resurgence

The Solana (SOL) meme coin ecosystem is roaring back to life, with its total meme…

2 days ago

ZEREBRO Price Collapses 40% in Just 3 Hours: Market Cap Tanks to $45 Million

Zerebro, one of the largest AI projects, has seen its price dropped sharply today, going…

3 days ago