Data tells you how intense the "burn" of ETH is.

Based on current usage, the supply of ETH is projected to drop below 100 million in just 11 years.

Based on current usage, the supply of ETH will be less than 1 billion in just 11 years.

This article is authorized and reprinted from the self-media BlockBeats. The original article can be found here.

This article summarizes the views of crypto KOL croissant on personal social media platforms, and BlockBeats has organized and translated it as follows:

ETH is the fuel of Ethereum, used when executing transactions on smart contracts, and once used, it is destroyed. Ethereum sees over 1 million transactions daily, with a total value of around $201 billion. Surprising, isn't it?

Let's look at some statistics: Ethereum has a total of 193 million wallets, with approximately 500,000 active wallets daily and around 100,000 new addresses created each day. These people are all looking to buy NFTs, earn profits, and participate in DeFi.

These users conduct millions of transactions daily. By examining all the transactions on the chain, we find some seemingly fraudulent numbers:

• ETH daily transaction volume: over 1 million
• Uniswap daily transaction volume: 70,000
• OpenSea daily transaction volume: 66,900
• External contract calls: 658,000

What are these transactions used for? The answer is smart contracts, with 400,000 contracts deployed monthly, including DEX, NFTs, Tokens, etc. At the time of writing, the highest Gas consumption is:

• OpenSea: 23 ETH Gas fee per hour
• Uniswap: 31 ETH Gas fee per hour
• Wrapped ETH: 12 ETH Gas fee per hour

NFTs are hot, with secondary market sales averaging around 220,000 ETH per week. Moreover, just this week, the sales volume from minting alone reached 42,808 ETH. 246,232 users traded NFTs this week, generating a total of 636,125 transactions.

All these activities, coupled with EIP-1559, result in a massive amount of ETH being destroyed. Within 257 days, $6.6 billion worth of ETH has been burned, and this year is expected to see $9.3 billion worth of ETH burned. At this rate, the supply of ETH will be less than 1 billion in 11 years.

It's not just them consuming ETH, but also Stablecoins. Stablecoins have changed the game, with users no longer just thinking about "cashing out." Stablecoins like USDC, USDT, DAI have absorbed hundreds of billions of dollars.

Let's not forget about staking. The ETH 2.0 deposit contract has accumulated 11.7 million ETH from 364,000 validators, approximately 9.75% of the total ETH supply. As the merge approaches, this number will exponentially grow.

Finally, Layer 2 is also seeing growth, with a total value locked (TVL) exceeding $6 billion. On average, Arbitrum sees 64,000 transactions daily, while Optimism sees 45,000 transactions daily.

And how much do they pay for L1 security? Arbitrum pays $43,000 per day, dYdX pays $16,700 per day, and Optimism pays $16,000 per day.

As you can see, a lot has happened without us realizing it, and Ethereum is no longer what it used to be.