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Определение net supply changenet emissions

Net Issuance

New units created over a period minus units destroyed, showing whether supply actually grew or shrank.

Net issuance exists because gross issuance alone overstates supply growth on any network with a burn mechanism. On Ethereum the comparison is between issuance paid to validators under proof-of-stake and the base fee destroyed by the EIP-1559 fee mechanism introduced in 2021; when demand for block space is high enough, burns exceed issuance and supply falls over that period. The figure is period-dependent and activity-dependent by construction, so a week of heavy usage and a quiet week can point in opposite directions. It is normally shown as units per period or annualized as a percentage of supply.

На практике

After Ethereum's 2022 transition to proof-of-stake, staking issuance and the EIP-1559 base-fee burn are netted over a period to give a single supply change figure that can be positive or negative.

Распространённое заблуждение

A period of negative net issuance is not a permanent property of an asset; it depends on network activity and reverses when demand for block space falls.

01

Показатель, которому это соответствует

Net Issuance

New tokens created each day minus tokens destroyed, so supply growth after burns.

Лимиты: It is the small difference between two large numbers measured under different conventions, so it carries the error of both series and can change sign because of a definitional choice rather than a real event. A single 30-day window is short enough that seasonal patterns in blockspace demand…

02

Связанные термины

Fee Switch A setting in a protocol's contracts that, when turned on, redirects part of the fees users already…
Inflation Rate (Token Supply) How fast a digital asset's supply is growing, expressed as a yearly percentage of the supply that…
Token Burn Permanently destroying units of an asset, either by deleting them in the contract or by sending…
Token Issuance The creation of new units of an asset, either by a blockchain's own rules or by a contract that…
Total Supply Every unit of an asset that exists on-chain right now, including locked units, minus any that have…
03

Уроки, которые используют его

Digital Asset DatabaseDigital asset research & education

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