Anyone tracking the $ETH burn rate closely? I'm looking for some good dashboards or analysis that dig into the network's deflationary aspects since the merge and how that's correlating with gas fees and overall supply dynamics. Any pointers to recent quality deep dives would be appreciated.
I've been watching Ultrasound.money, it's pretty solid for real-time burn data. You can really see how a big NFT mint or popular dApp activity spikes the burn rate. Definitely check it out.
While the burn is deflationary on paper, we also need to consider the issuance side from staking rewards. It's a net reduction, yes, but the overall supply dynamic is more complex than just the burn rate alone. Are you factoring in the issuance effectively?
Honestly, the deflationary narrative feels a bit overblown at times. While the burn is a factor, macro conditions and broader market sentiment probably have a much larger impact on price action than the incremental supply changes from burning. Just my two cents.
Good question. I've found some interesting charts on Dune Analytics. There are a few dashboards specifically comparing burn vs. issuance post-merge that give a clearer picture than just looking at the burn in isolation. Search for 'ETH supply dynamics' there.