Post-Merge Ethereum: $4.9B in potential supply growth averted through Proof-of-Stake transition

It has been 217 days since the Merge when Ethereum (ETH) shifted from the energy-intensive Proof-of-Work (PoW) consensus mechanism to the eco-friendly Proof-of-Stake (PoS) consensus mechanism. Since then, the cryptocurrency has seen a significant drop in its native token — burning 104,939.20 ETH which amounts to over $200 million in current market value.