{
  "methodology": "v2",
  "ratio": {
    "value": 0.02949,
    "live": true,
    "source": "CoinGecko"
  },
  "emission": {
    "value": 0.875,
    "live": true,
    "source": "RPC + protocol formula",
    "note": "issuance≈1066366 - burn≈10215 ETH/yr, staked≈41106200, supply≈120682085"
  },
  "l1share": {
    "value": 52.4,
    "live": true,
    "source": "DefiLlama stablecoinchains",
    "note": "Ethereum L1 share of the stablecoin basket (RWA proxy)"
  },
  "collateral_eth": {
    "value": 5.2,
    "live": true,
    "source": "DefiLlama (Aave v3 · Morpho · Compound v3 · Maker)",
    "note": "ETH-denominated collateral ≈$10.0B across 4 lending/CDP protocols, supply side only"
  },
  "routing": {
    "value": 0.56,
    "live": true,
    "source": "growthepie",
    "note": "30d: L2s paid ≈$50k to Ethereum on ≈$9.0M user fees (as of 2026-08-07)"
  },
  "absorption": {
    "value": 2.18,
    "live": false,
    "source": "reported · Farside aggregate, manual refresh",
    "note": "ETF net ≈$365M ≈191k ETH vs ≈88k ETH issued/30d (flows as of 2026-07-31). Treasury purchases not included."
  },
  "generatedAt": "2026-08-08T05:07:09.958Z"
}