After the developers working on the Ethereum (ETH) network tentatively scheduled theMergeupgrade for September, analysts interested in thecryptocurrency marketare looking at past information to predict the token’s activities after the update.
One of them is Lucas Outumuro, the director of research at data analytics startupIntoTheBlock, whoposteda chart on his Twitter account on July 22, demonstrating the historical data of Ethereum’s net issuance, as well as its projection beyond the Merge.
Commenting on these findings, Outumuro stated that:
“ETH will become deflationary following the merge.”
Analyzing Ethereum’s behavior after another major upgrade – theEIP-1559in August 2021, he explained that the token’s net issuance was likely to range between -0.5% and -4.5%, depending on the network fees.