Is ETH inflationary right now?
Measured directly from Ethereum block headers and consensus data · data as of 2026-09-23T22:26:11Z (UTC) · block 26,043,138
supply change per year at the current burn rate · +2,913 ETH net per day · -0.001%p vs previous cycle
ETH per day, same scale. Issuance is an upper bound (166.32 × √staked, the protocol maximum); burn is measured from block headers. The gap between the two bars is the net +2,913 ETH/day.
Measured directly
Computed here from raw block headers and eth_getBalance over the last
7,200 blocks. No third party sits between the chain and these numbers.
29.597 measurement points · 58.7 days
0.097 measurement points · 58.7 days
The cumulative figure integrates the measured daily rate over elapsed time (trapezoidal), so its slope is the burn rate above. It starts at our first measurement, not at the merge — it is a record of what this site has observed.
Supply composition
Total supply is the sum of every account balance, which no standard JSON-RPC method returns — so this figure comes from an aggregated consensus-layer feed rather than our own measurement. The composition below is what that figure is made of.
- Staked 35.8%43,746,171 ETH
- In L2 bridge escrows 1.7%2,090,238 ETH
- Liquid on L1 62.5%76,232,579 ETH
Staked and bridged ETH are subsets of the total, not deductions from it — all three parts still exist on-chain. Bridge balances are measured here; the total and the staked figure are quoted.
ETH in L2 bridges
Native ETH held by canonical L2 bridge contracts, largest first.
Table view (all escrows, including migrated)
| Bridge escrow | ETH | Status |
|---|---|---|
| arbitrum one bridge | 714,274 | ok |
| base portal | 784,462 | ok |
| op superchain ethlockbox | 175,017 | ok |
| robinhood chain bridge | 310,292 | ok |
| zksync shared vault | 48,679 | ok |
| linea message service | 17,897 | ok |
| starknet core | 18,085 | ok |
| scroll messenger | 11,255 | ok |
| worldchain portal | 6,313 | ok |
| zora portal | 2,159 | ok |
| mode portal | 1,806 | ok |
What you should know
- Issuance is a protocol upper bound (166.32 × √staked), not a measurement. Actual issuance is slightly lower when validators miss duties, so the real net figure sits a little below the one shown.
- Burn, base fee, gas and bridge balances are measured here. Total supply and staked ETH are quoted from an aggregated consensus-layer feed — summing all account balances is not something a public RPC endpoint can do.
- "Locked" in a bridge escrow does not mean removed from supply — it is still ETH on L1. A 0.0 balance on a known escrow means the contract migrated; we mark it rather than counting zero.
- If a collection window comes back incomplete we withhold it and keep showing the last fully verified measurement, labelled with its own timestamp. We never publish a shrunken sample.
Why this matters
After EIP-1559 (2021) Ethereum burned enough transaction fees to be deflationary for long stretches — the "ultrasound money" narrative. Burn depends on demand for blockspace: when the median base fee sits below ~1 gwei, the burn no longer offsets staking issuance and ETH quietly flips back to inflationary. This page answers that one question with numbers, not with a narrative.
The burn figure is computed from raw block headers (baseFeePerGas × gasUsed across a
7,200-block window). Every measured number here can be reproduced with a public RPC endpoint —
see the methodology.