Is Ethereum inflating or deflating?

I have listened to lots of podcasts about Bitcoin and cryptocurrencies lately, and we all know that there will never ever be more than 21,000,000 Bitcoins available. So, there is still some inflation, but that will halven to 450 BTC per day (compared to 900 per day) as the halving comes in April.

But, what's up with Ethereum? Is Ethereum inflating a lot, or are more Ethereum tokens burned than are created?

As I was looking for an answer yesterday, I discovered a fantastic website called ultrasound.money where you and I can find all sorts of useful stats that will help us get an answer.

https://ultrasound.money/

What do we see in the picture above from the website? We can see that since Ethereum turned into a proof-of-stake chain, more tokens have been burned than the number of tokens that have been created. That is actually the easiest way to see that Ethereum has turned into a deflationary token.

We can also look at the number such as the supply growth, and as you can see... that is a negative number, which means that the number of Ethereums in circulation is decreasing per year, not increasing.

Isn't that a useful and interesting website? That is great news for those holding EThereum as well, knowing that more Ethereum disappears from space than the newly printed.