The daily change in ETH supply considering the three primary sources of supply change:

• PoW Issuance which was halted since the Merge on 15-Sept-2022.
• PoS issuance which commenced after the Beacon Chain genesis event 1-Dec-2020.
• Supply burnt by the EIP1559 protocol which was activated on 5-Aug-2021.

Positive values 🟢 represent a net inflationary period, whilst negative values 🔴 indicate net supply contraction (ETH supply deflation).

This metric also shows two simulated traces for historical comparison:

• Simulated Continuation of the PoW blockchain 🟠 - Assumes the PoS Merge never took place and assumes 2 ETH issued per block (uncle rewards ignored for simplicity).

• Simulated PoS only chain 🔵 - Assumes the Merge took place alongside the EIP1559 London Hard-fork on 05-Aug-2021, and thus ignores all PoW block rewards after that date.