{"id":77046,"date":"2023-04-11T18:04:18","date_gmt":"2023-04-11T15:04:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77046"},"modified":"2025-09-10T21:00:34","modified_gmt":"2025-09-10T18:00:34","slug":"annual-eth-burn-rate-on-the-eve-of-the-shapella-hard-fork-reaches-5-5-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/annual-eth-burn-rate-on-the-eve-of-the-shapella-hard-fork-reaches-5-5-billion\/","title":{"rendered":"Annual ETH burn rate on the eve of the Shapella hard fork reaches $5.5 billion"},"content":{"rendered":"<p>The annual burn rate of Ethereum, calculated on a yearly basis, reached 1,827,000 ETH (~$5.5 billion), a supply reduction of 1.06%. Data, ahead of the planned 12 April<a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-developers-plan-shapella-hard-fork-on-april-12\"> Shapella<\/a> hard fork, comes from<a href=\\\"https:\/\/ultrasound.money\/\\\"> ultrasound.money<\/a>.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/image-164.webp\" alt=\"image-164\" class=\"wp-image-203967\"\/><figcaption>Data: ultrasound.money.<\/figcaption><\/figure>\n<\/div>\n<p>In the absence<a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-activates-the-merge-blockchain-shifts-to-pos\"> The Merge<\/a> over the last 208 days, supply growth would have amounted to 2.34 million ETH (~$4.48 billion). Thanks to the transition to the consensus algorithm<a href=\"https:\/\/u1f987.com\/en\/news\/proof-of-stake-how-it-works-and-why-it-is-so-popular\"> Proof-of-Stake<\/a> of the Ethereum network, it has moved into a deflationary regime \u2014 the figure fell by 82,941 ETH ($158.7 million).<\/p>\n<p>Since the implementation of<a href=\\\"https:\/\/eips.ethereum.org\/EIPS\/eip-1559\\\"> EIP-1559<\/a> within the<a href=\"https:\/\/u1f987.com\/en\/news\/ethereums-london-hard-fork-goes-live\"> London hard fork<\/a>, the cumulative supply of coins over the last 614 days has grown by 3.23 million ETH ($6.2 billion). Without the The Merge factor, issuance in this period would have reached 5.66 million ETH ($10.85 billion).<\/p>\n<p>The current annual yield for validators stands at 3.9%.<\/p>\n<p>Shapella (Shanghai-Capella) includes changes to the consensus and execution layers of Ethereum. Its main objective is to open access to withdrawing ETH from staking.<\/p>\n<p>Within 24 hours of the upgrade&#8217;s activation, Coinbase will<a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-outlines-actions-after-ethereum-hard-fork-shapella\"> begin accepting requests to withdraw ETH from staking<\/a>. Company representatives noted that full processing could take from weeks to months.<\/p>\n<p>The team behind the liquidity staking platform <a href=\\\"https:\/\/forklog.news\/cryptorium\/chto-takoe-likvidnyj-stejking\/\\\">\u043b\u0438\u043a\u0432\u0438\u0434\u043d\u043e\u0433\u043e \u0441\u0442\u0435\u0439\u043a\u0438\u043d\u0433\u0430<\/a> Lido Finance warned that it will open redemption of stETH for the \u201coriginal\u201d cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/lido-reveals-approximate-timeline-for-steth-redemption\">in mid-May<\/a>.<\/p>\n<p>As noted by Glassnode, growth in Ethereum staking deposits<a href=\"https:\/\/u1f987.com\/en\/news\/glassnode-ethereum-staking-inflows-declined-ahead-of-shapella\"> has slowed<\/a>. They attribute the reasons to the upcoming hard fork Shapella and<a href=\"https:\/\/u1f987.com\/en\/news\/coinbase-ceo-says-staking-program-will-be-defended-in-court\"> regulatory pressure<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The annual burn rate of Ethereum, calculated on a yearly basis, reached 1,827,000 ETH (~$5.5 billion), a supply reduction of 1.06%. Data ahead of the planned 12 April Shapella hard fork comes from ultrasound.money.<\/p>\n","protected":false},"author":1,"featured_media":77047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,1258],"class_list":["post-77046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-tokenomics"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77046"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77046\/revisions"}],"predecessor-version":[{"id":77048,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77046\/revisions\/77048"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77047"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}