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Home Crypto News

PSA: Ether supply is not shrinking, it’s an etherescan bug

Blockchain Viral by Blockchain Viral
2 weeks ago
in Crypto News
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PSA: Ether supply is not shrinking, it’s an etherescan bug
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I almost put all my money in Ether after seing the first graph and I thought that the Pectra upgrade was really afecting the Ether supply but something was not right and I investigated further. The fact that the start of the supply reduction was on May 1 instead of May 7 when Pectra went into effect was strange. I also looked into the changes that the Pectra upgrade could have on the supply and it should theoretically be negligible.

I usually look into ycharts to see the Ether supply but I investigated further and saw that etherescan also has a similar chart. I looked into the numbers after May 1 and saw that the "Daily Eth 2 Staking Rewards" are frozen at 2482 Ether and that they are ignored making the total supply change be negative and equal to the "Daily Burnt Fees". So probably it is a bug in the etherescan side and all the other webs just pull from their API.

I have reported this to etherscan to their email contact but received no reply, not even any acknowledgement so if someone has a contact there please tell them to look into it.

submitted by /u/PaGanso [comments]



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Tags: bugEtheretherescanPSAShrinkingSupply
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