Even with the burning of 4.6 million ETH, the network remains inflationary, aided by an average issuance rate of 0.801% since the London hard fork. This is almost in lockstep with the current Bitcoin rate of 0.809%, according to data from Santiment. Interestingly, the seven-day figures from Ultrasound show Ethereum's rate dropping to 0.723%, with 16,745.66 ETH newly minted over the past week. As the London hard fork continues and the Ethereum economic model evolves, the balance between issuance and burns has remained a focal point for analysts. Whether this tightrope walking ultimately benefits Ether's valuation or not, the monetary policy mechanics of the network are not clearly different from anything else in the crypto space. And although the rate of 0.801% is technically low, it is far from the 3.394% that Ethereum would have seen if it were stuck with proof of work (POW). For context, the current issuance rate for Bitcoin sits at 0.809%, but its average over the past 1438 days comes in at 1.476% - higher than Ethereum's average of 0.801% since August 5, 2021. Meanwhile, over the 1438 days, including the last 2024 halving, Bitcoin miners have earned 1,092,150 BTC, which translates to $129.92 billion in newly minted coins. #TradingStrategyMistakes