Even with EIP-1559 ETH is not projected to be deflationary.
We're getting 0.15-1.1 ETH burned per block, while just the static reward is 2 ETH.
Re:The Problem with Ethereum
by kristofferR on Wednesday August 11, 2021 @02:25AM
(#28138714)
That's the average burned per block, he was talking about edge cases.
https://old.reddit.com/r/ethereum/comments/oyhzop/ethereum_b...
https://etherchain.org/burn