Ethereum token issuance drops by 95% after large-scale transition to green blockchain

According to the Ultrasound. moneyx platform, the issuance of ethereum tokens dropped by 95% after The Merge. Thus, from September 15 to September 23, 5200 ETH were mined on PoS, while 98,000 ETH could have been mined on PoW during the same period.

In addition to the drop in daily ethereum output, electricity consumption has also decreased — the transition of ETH to a «green» blockchain has reduced electricity consumption by 0.2% worldwide. The entire Ethereum network after the merger consumes less energy than YouTube, gold mining, BTC POW, ETH PoW, Netflix, gaming, and PayPal.

According to crypto experts, Ethereum risks becoming a deflationary digital asset if the number of tokens issued per day is less than the number of tokens burned. However, for now, the ether remains inflationary, producing more ETH.

As for the value of ethereum, at the time of writing, ETN is trading for $ 1299, having fallen by 11.5% in just 7 days. Given the negative trend after The Merge, we shouldn’t expect positive price indicators for ETH in the near future, according to independent market analyst Tuur Demister yesterday. The expert believes that the airwaves will continue to fall in the coming days, by about 10% of their current value.