This chart presents the daily 🟢 ETH supply and the observed ⚫ Change in ETH Supply. The data has been collected since the Merge, when the Ethereum network ceased using the Proof-of-Work consensus mechanism and switched to Proof-of-Stake. The chart factors in the validator rewards as ETH issuance and takes into account the amount of ETH burned.

The Base Reward per Increment is the fundamental unit for calculating the valitator rewards and hence can be used to calculate the daily ETH issuance.

It is calcuated as followed:

Base Reward per Increment = Effective Balance Increment * Base Reward Factor / sqrt(Effective Balance for all Active Validators)

• The Base Rward Factors is set by the protocol. It currently is 64
• For the Effective Balance Increment refer to the "Upgrading Ethereum", Ben Edington
• For the Effective Balance for all Active Validators refer to Effective Balance