Critical Point of Deflation Under Four-Dimensional Integration
After the full integration of Coinbase, OKX, Bitget, and Trust Wallet, the average daily authorization amount reached 58 million (coverage rate 28%). Annual destruction amount = 58 million × 0.001 × 20% × 365 = 42.34 million pieces, accounting for 22.8% of the circulation. Coupled with natural ecological growth (annual increase of 40%), by 2028, the circulation will be reduced to 137 million pieces, and the theoretical value must passively increase by 47.5% to balance the supply-demand gap.
