MrNasdog
ΞETH · Ethereum
Full analysis
Live trackerIssuance + burn flow continuously on Ethereum mainnet · last update May 24, 2026
MrNasdog Pressure Framework · Tier 1

ETH, monitored: issuance ≈ burn.

~0.5%/yr gross validator issuance against the EIP-1559 burn that flips supply net-deflationary in active periods. Both sides Tag A, tied to L1 activity.

Net supply (Ethereum mainnet)
~0%
net change in active periods · briefly mildly inflationary in L1-quiet periods
Circulating
~120.7M
Gross issuance
~0.5%/yr
Burn mechanism
EIP-1559 (variable)
Max supply
no fixed cap
Price
$2115.79
Market cap
$255.24B
Sell signal
Inflation (validator issuance)
~0.5%/yr
Tag A
Vesting
0
Foundation (Tag B)
watching
Tag B
~600–700K ETH/yr gross issuance
Buy signal
Buyback
0
EIP-1559 burn
variable
Tag A
Protocol demand (gas)
structural
Tag A
Burn ≈ issuance in active periods

Confidence. High: issuance + burn mechanics (per ethereum.org). High: circulating (CoinGecko cross-check, on-chain via beacon-chain APIs). Not yet enumerated: Ethereum Foundation Tag B reserves (multisig + identified founder wallets).

Read the full Pressure Framework analysis
ETH: net deflationary, most of the time.
~0.5%/yr gross issuance vs EIP-1559 burn. Both Tag A, both tied to L1 activity. ~5 min.

MrNasdog Pressure Framework analysis of ETH, Metrics 1 & 2. Data + explanation only. Not financial advice. Updated May 24, 2026.