Since the Merge, the Ether Supply Has Been Cut by 100,000

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Last Updated on April 21, 2023 by Bitfinsider

The quantity of ether has decreased by more than 100,000 coins after The Merge switched Ethereum from an energy-intensive proof-of-work consensus process to a more environmentally friendly proof-of-stake technique.

According to the Ethereum tracking website, the total supply of ether has decreased by 103,092 coins in the previous 217 days, which is worth more than $200 million at current rates.

If The Merge had never occurred and Ethereum had been secured by miners rather than stakers, the ether supply would have expanded by more than 2.52 million coins — or $4.9 billion. The supply of Ethereum’s native currency would have risen by 3.53% every year.

Instead, the currency supply of Ethereum has decreased by 0.144% every year since the merger. Additionally, reports that $1.2 billion is being taken from the ether supply within the same time period.

How to Buy or Trade ETH on Scallop Exchange

You can buy or trade ETH on Scallop. As Scallop frequently holds campaigns and events, you should check out its official Telegram group here to see if you can participate and win rewards as you trade.

On Scallop, you can trade ETH as a spot pair (ETH/USDT) in 3 simple steps:

  1. Sign up and register an account on Scallop 
  2. Buy USDT via Scallop One-click Buy (Follow the step-by-step guide from step 1 to 6) 
  3. Trade ETH/USDT at Scallop Spot

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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.