Is Ether's supply growing or shrinking right now — and which half of the answer is measured.
Burn is measured; issuance is modelled. The clock says which is which on its face rather than mixing them into one figure.
Burn is measured from block headers; issuance is modelled from the protocol's reward function at the current stake. The clock labels which half is which and never merges them into one 'measured' figure.
Real issuance also depends on validator behaviour — penalties, missed slots, priority fees — that the reward function does not capture.
The net change is over the window shown. A short window extrapolates badly: an hour of quiet or frenzy says little about the year.
Open eth issuance clock →Only when the burn exceeds issuance over the window shown — it changes with network activity.
It follows the protocol's reward function, evaluated at the current amount staked.
From base fee and gas used in each block header.
Gas usage sets the burn, and activity bursts move it minute to minute — the window shown is the honest denominator, not a trend line.
No — it reads the supply mechanics: burn from headers, issuance from the reward function. Balances moving between wallets are a different card.