According to ultrasound.money, Ethereum's current 30d inflation rate is 4.1% annualized. If the merge were already behind us (flip the "simulate merge" switch), inflation would be 0.1%.
So, not quite deflationary but pretty close. If Ethereum network usage picks up again like it did in 2021, Ethereum will experience long stretches of time where it is deflationary.
So, not quite deflationary but pretty close. If Ethereum network usage picks up again like it did in 2021, Ethereum will experience long stretches of time where it is deflationary.
https://ultrasound.money/