This chart depicts the amount if newly issued ETH as well as burned ETH as the percentage of the Total Supply. Data is accumulated since the Merge in Septermber 2022.

Daily issuance equals the daily validator rewards, which is calculated using as the multiple of the Effective Balance and the Base Reward per Increment.

TThe Base Reward per Increment 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 Ben Edgignton’s “Upgrade Ethereum”
• For the Effective Balance for all Active Validators refer to Effective Balance