The Merge Impact: Ethereum (ETH) Supply Drops by 0.285% in 240 Days

Today marks 240 days since an event the Ethereum community has come to know as “the merge.” And its effects on the total ETH supply are clear. Arguably the most significant upgrade in its history, the merge saw the Ethereum network transition from a Proof of Work (PoW) consensus mechanism to one based on Proof of Stake (PoS). Now, eight months on from the pivotal event, the long-term consequences of the merge are becoming apparent. ETH Supply Declines According to the Ethereum analytics dashboard ultrasound.money, nearly 650,000 ETH has been burned since the merge. In the same time span, just