Ethereum is undergoing its most

Ethereum is undergoing its most prolonged inflationary period, with over 350,000 ETH (worth around $1.1 billion) added to its supply since the March Dencun upgrade

The total ETH supply has deflated by over 100k ETH since the Merge as Ethereum block space demand picked up throughout 2025. Value flow for non-stakers

Ethereum Staking Surges to 7.4M ETH and Counting - CoinDesk

The Ethereum network

Staking is growing into a massive ecosystem, with the report showing that the top 35 proof-of-stake cryptocurrencies combine for a market cap of $288 billion, and that

64% of staked ETH controlled by 5 entitiesNansen

The Ethereum network’s transition from proof-of-work to proof-of-stake, also known as the Merge, has led to a significant reduction in the supply of the world’s largest altcoin, Ethereum (ETH).

Ethereum inflation soars amid Dencun changesless than 100k

Over 100K ETH ($200 Million) Staked in Ethereum 2.0 in a Single Day

Staked Ethereum Hits New All-Time Highs Ahead Of

Ethereum Post-Merge: Over 100K Coins Eliminated From ETH’s

Ethereum: 2025 Performance and Outlook - Blockworks Research