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Ethereum Supply Grows by 74,298 ETH Over Past Month

Ethereum’s net supply increased by over 18,000 ETH this week, highlighting continued issuance outpacing burns despite the network’s deflationary mechanism.

ETH

Summary

Ethereum’s net supply rose by 18,262 ETH in the past seven days, according to Ultrasound.money. During this period, 18,904 ETH were issued, while 642 ETH were burned and permanently removed from circulation. This brings Ethereum’s total supply to 121,216,528 ETH, with an annual growth rate of 0.786%, reflecting ongoing net issuance despite the burn mechanism.

Terms & Concepts
  • ETH Burn Mechanism: A process where Ethereum permanently removes coins from circulation by sending them to an irretrievable address, helping reduce total supply.
  • Net Supply: The total circulating amount of a cryptocurrency after accounting for new issuance and burned coins.
  • Annual Growth Rate: A percentage indicating the yearly change in a cryptocurrency's supply or market metrics.