Since 2022 Merge, $2.5B in ETH Goes Up in Smoke!

• Ethereum's Financial Analysis Reveals Significant Burn of ETH Since Merge Event
• Ethereum's Supply Decreases by 1 Million ETH Since Merge
• Ethereum's Total Supply at its Lowest Since Merge Event

Ethereum's Financial Analysis Reveals Significant Burn of ETH Since Merge Event

The examination of Ethereum$2,315 -2.42%'s financial data unveils that a staggering $2.5 billion of ETH has been incinerated since the Merge Event in September 2022. Ultrasound Money emphasizes that Ethereum's supply is currently at an 18-month low, standing at 309,663 ETH. This trend highlights a sharp difference to the inflation that was previously witnessed in Ethereum, illustrating a deflationary shift thanks to the 1,195,238 ETH that has been annihilated. Furthermore, this permanent supply reduction is set to have a long-lasting positive effect on the asset's value.

Ethereum's Supply Decreases by 1 Million ETH Since Merge

Since the inception of the digital asset sector, Bitcoin$42,260 -0.64% has held the helm. However, Ethereum's rising importance has positioned it as the sole true contender in this arena. What's more, the landmark merge event has been a pivotal moment in Ethereum's growing significance. It appears the benefits of this development are beginning to manifest.

Specifically, recent scrutiny reveals that Ethereum has seen $2.5 billion worth of ETH burnt since the merge event in 2022. In total, the event has resulted in a net decrease in overall supply. This drop remains evident, despite the issuance of $1.86 billion worth of the digital asset.

Ethereum's Total Supply at its Lowest Since Merge Event

At present, Ethereum's total supply is at its lowest since the Merge event, with 120,211,380 ETH. This supply corresponds to a market cap for the asset that remains over $266 billion. Consequently, it further confirms the position Ethereum holds in the broader digital asset market.

The Merge event's impact is already noticeable but continues to reveal long-term positives. The reduced supply will drastically affect the token's scarcity, and therefore, it is set to increase in value over time, and possibly reach unprecedented heights.

Edited by Jonathan Stoker