Merge () is expected to take place at 4 am on September 15, according to Ultrasound Money.

The tracker estimates that need 34,000 more blocks to activate Merge. This event is set to occur at Total Terminal Difficulty (TTD) of 58750000000000000000000, while the latest block difficulty is 12345000000000000.

Bellatrix returns to normal

Co-Founder , Martin Köppelmann, has revealed that previously offline validators are back online as "a clearly visible drop at Bellatrix is returning to normal".

On September 6, Köppelmann was concerned that the block missed rate of the Bellatrix upgrade was around 9%, higher than the usual rate of 0.5%. Many in the community see this as an ominous sign of the network's readiness to deploy Merge.

However, with the new reveal, the community can rest assured that everything will go as planned.

Ethereum Supply

According to Ultrasound Money, the total supply is more than 120 million and the number of stakes on Beacon chain is 13.6 million , accounting for more than 10%.

Source: ultrasound.money

The tracker predicts that Ethereum will issue 1,700 ETH every day if the stake reaches 14 million. It notes that as the amount of ETH staked increases, so will the rate issued.

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Meanwhile, a report by Chainalysis states that Merge will attract more institutional investors to Ethereum. According to the report, ETH will behave more like bonds and commodities, boosting investor confidence.

ETH burning mechanism

Ethereum's burning mechanism will likely ensure that the supply of ETH decreases. In the past 24 hours, 1,797.3 ETH has been burned, corresponding to 2.99 ETH every 5 minutes and 37,409 ETH in the last 30 days.

Source: ultrasound.money

Protocols and main responsible for most of the ETH burned in the last 30 days including , V3, V2, Gems and V4.

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