A popular talking point among Ethereum maximalists is the “triple halvening” – after the Merge, ETH’s yearly inflation rate will drop from 4.3% to 0.43%, with new emissions falling from 12,000 ETH a day to 1,280 ETH a day. Combined with EIP 1559, which introduced an Ethereum burn mechanism, the switch to proof-of-stake will be the equivalent of three Bitcoin “halvenings” at once, the argument goes.