More than 307,000 Ethereum [ETH] coins have exited circulation since the pivotal ‘Merge’ event. In fact, this was the lowest volume of ETH in circulation since the network made a historic shift from the proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS). According to AMBCrypto’s scrutiny of ultra sound money data, the net supply has been shrinking at an annual rate of 0.248%. This might appear inconsequential to some but fathom this – Had the transition not taken place, ETH’s total supply would have increased by more than 4.71 million with an annual inflation rate of 3.168%.