Ethereum Supply Update: Net Increase of 10,201 ETH Amid 8,213 ETH Destruction in the Last Week

On October 8, COINOTAG highlighted significant developments surrounding Ethereum’s supply dynamics, referencing data from Ultrasound.money. In the week leading up to this report, Ethereum’s net supply experienced a substantial increase of 10,201 units. This fluctuation consisted of approximately 18,415 ETH introduced to the market, while a noteworthy 8,213 ETH was effectively eliminated through Ethereum’s destruction mechanism. Consequently, the total circulating supply of Ethereum has now reached 120,376,911 ETH. Notably, the annual supply growth rate has moderated to 0.442%, reflecting a trend towards a more stable asset paradigm. This information is paramount for investors and market analysts as Ethereum continues to evolve within the competitive crypto landscape.