ETHval v0.4.3 β Fusaka-Ready Supply Dynamics Dashboard π₯
* There was an error in the version I just uploaded, so I corrected it and uploaded it again.
ethval.com
@ethereum is about to run an unprecedented experiment: Can you massively increase block space supply while maintaining deflationary pressure?
The conventional wisdom says no β more supply means lower fees, which means less burn. But Ethereum isn't a commodity market. It's a platform where lower costs attract more activity, which could paradoxically increase total burn despite lower unit prices.
This is the Fusaka bet: Gas limit goes from 36M to 60M (~67% expansion). If the network stays half-empty, we get inflation. If demand rushes in to fill the cheap space, we might see the strongest deflationary period yet.
I'm adding Supply Dynamics tracking to ETHval so you can watch this thesis play out in real-time. Not predictions β just the raw numbers that will tell us who was right.
ββββββββββββββββββ
π¦ ETHval v0.4.3 Release Notes
ββββββββββββββββββ
π Supply Dynamics (6 New Metric Cards)
β’ Gas Utilization: Network gas usage rate (Gas Used / Gas Limit). Post-Fusaka, watch for recovery from ~35% back toward 50%+ as demand fills expanded capacity.
β’ Daily Burn: ETH destroyed via EIP-1559 base fee mechanism. The higher the network activity, the more ETH gets burned.
β’ Daily Issuance: New ETH created daily through staking rewards. Currently ~2,400+ ETH/day based on ~36M+ staked ETH.
β’ Net Supply Change: Annual supply inflation/deflation rate with Inflationary/Deflationary status badge. The magic number is 0% β below means ETH is becoming scarcer.
β’ Base Fee: EIP-1559 base fee in Gwei. The core metric that determines burn rate β lower base fee post-Fusaka is expected, but total burn depends on volume.
β’ Blob Count: Weekly blob submissions to L1. PeerDAS will dramatically increase blob capacity β watch for L2 adoption acceleration.
All cards feature 30D/90D/1Y toggles and historical trend charts.
π Reordered On-Chain Metrics
β’ Fusaka-relevant metrics now appear first:
Gas Utilization β 2. Daily Burn β 3. Daily Issuance β 4. Net Supply β 5. Base Fee β 6. Blob Fees β 7. Blob Count β 8. TVL β 9. L2 TVL ...
π Why Fusaka Matters
β’ Gas Limit Expansion (36M β 60M): ~67% increase in block capacity
β’ PeerDAS (EIP-7594): More efficient blob data handling for L2s
β’ EOF: Optimized smart contract execution
The key question: Will increased supply of block space destroy demand economics, or will lower fees attract enough new activity to maintain (or increase) total burn?
π Metrics to Watch Post-Fusaka
β’ Gas Utilization recovering to 50%+ (on 60M limit)
β’ Base Fee stabilizing at sustainable levels
β’ Daily Burn sustaining above Daily Issuance
β’ Net Supply staying negative (deflationary)
β’ Blob Count growing as L2s leverage cheaper DA
β’ L2 TVL growth accelerating on cheaper settlement costs
π Technical Notes
β’ Data sourced from Etherscan API + fee history estimation
β’ Burn calculation: 100% of base fees (EIP-1559 standard)
β’ Issuance calculation: Derived from total staked ETH (Issuance Curve)
β’ Base Fee derived from gas price data (~85% of total)
β’ Blob metrics estimated from L2 activity (post-Dencun only)
ββββββββββββββββββ
Fusaka isn't just a technical upgrade β it's an economic experiment. π§ͺ
Will Ethereum prove that abundant block space and sound money can coexist? ethval.com is ready to show you the answer in real-time. π
* There was an error in the version I just uploaded, so I corrected it and uploaded it again.
ethval.com
@ethereum is about to run an unprecedented experiment: Can you massively increase block space supply while maintaining deflationary pressure?
The conventional wisdom says no β more supply means lower fees, which means less burn. But Ethereum isn't a commodity market. It's a platform where lower costs attract more activity, which could paradoxically increase total burn despite lower unit prices.
This is the Fusaka bet: Gas limit goes from 36M to 60M (~67% expansion). If the network stays half-empty, we get inflation. If demand rushes in to fill the cheap space, we might see the strongest deflationary period yet.
I'm adding Supply Dynamics tracking to ETHval so you can watch this thesis play out in real-time. Not predictions β just the raw numbers that will tell us who was right.
ββββββββββββββββββ
π¦ ETHval v0.4.3 Release Notes
ββββββββββββββββββ
π Supply Dynamics (6 New Metric Cards)
β’ Gas Utilization: Network gas usage rate (Gas Used / Gas Limit). Post-Fusaka, watch for recovery from ~35% back toward 50%+ as demand fills expanded capacity.
β’ Daily Burn: ETH destroyed via EIP-1559 base fee mechanism. The higher the network activity, the more ETH gets burned.
β’ Daily Issuance: New ETH created daily through staking rewards. Currently ~2,400+ ETH/day based on ~36M+ staked ETH.
β’ Net Supply Change: Annual supply inflation/deflation rate with Inflationary/Deflationary status badge. The magic number is 0% β below means ETH is becoming scarcer.
β’ Base Fee: EIP-1559 base fee in Gwei. The core metric that determines burn rate β lower base fee post-Fusaka is expected, but total burn depends on volume.
β’ Blob Count: Weekly blob submissions to L1. PeerDAS will dramatically increase blob capacity β watch for L2 adoption acceleration.
All cards feature 30D/90D/1Y toggles and historical trend charts.
π Reordered On-Chain Metrics
β’ Fusaka-relevant metrics now appear first:
Gas Utilization β 2. Daily Burn β 3. Daily Issuance β 4. Net Supply β 5. Base Fee β 6. Blob Fees β 7. Blob Count β 8. TVL β 9. L2 TVL ...
π Why Fusaka Matters
β’ Gas Limit Expansion (36M β 60M): ~67% increase in block capacity
β’ PeerDAS (EIP-7594): More efficient blob data handling for L2s
β’ EOF: Optimized smart contract execution
The key question: Will increased supply of block space destroy demand economics, or will lower fees attract enough new activity to maintain (or increase) total burn?
π Metrics to Watch Post-Fusaka
β’ Gas Utilization recovering to 50%+ (on 60M limit)
β’ Base Fee stabilizing at sustainable levels
β’ Daily Burn sustaining above Daily Issuance
β’ Net Supply staying negative (deflationary)
β’ Blob Count growing as L2s leverage cheaper DA
β’ L2 TVL growth accelerating on cheaper settlement costs
π Technical Notes
β’ Data sourced from Etherscan API + fee history estimation
β’ Burn calculation: 100% of base fees (EIP-1559 standard)
β’ Issuance calculation: Derived from total staked ETH (Issuance Curve)
β’ Base Fee derived from gas price data (~85% of total)
β’ Blob metrics estimated from L2 activity (post-Dencun only)
ββββββββββββββββββ
Fusaka isn't just a technical upgrade β it's an economic experiment. π§ͺ
Will Ethereum prove that abundant block space and sound money can coexist? ethval.com is ready to show you the answer in real-time. π
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