Ethereum sees 98% decrease in ETH issuance since merge

According to data from Ultra Sound Money, Ethereum’s issuance rate has fallen by 98% since the Merge. Since its transition, the network’s supply has grown by 7,385.47 ETH, whereas if it were still running on the Proof-of-Work (PoW) consensus model, it would have added 128,422.13 ETH.

However, Ethereum is not yet deflationary because the overall token issued is still higher than the token burned. Supply is still growing even though it is at a very slow pace.