Ethereum’s Net Supply Increases by 50,947 ETH in 30 Days Despite Destruction of 27,444 ETH

According to a recent report from COINOTAG on October 1, data from Ultrasound.money reveals significant insights into Ethereum’s net supply dynamics. Over the past 30 days, the net supply of Ethereum noted an increase of 50,947 ETH. This figure encompasses an overall supply augmentation of approximately 78,391 ETH, while 27,444 ETH were effectively removed via the destruction mechanism. Consequently, the total supply of Ethereum now stands prominently at 120,366,827 ETH, with the annual supply growth rate experiencing a decline to 0.515%. This statistical data is pivotal for investors, reflecting the nuanced supply and demand interplay within the Ethereum ecosystem.