The Ethereum network

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

64% of staked ETH controlled by 5 entitiesNansen

Staked Ethereum Hits New All-Time Highs Ahead Of

Staking is growing into a

Ethereum inflation soars amid Dencun changesless than 100k

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

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

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

Ethereum: 2025 Performance and Outlook - Blockworks Research