Ethereum Supply Reaches All-Time High – Here’s What It Means and What to Expect

Cryptocurrency analysis firm CryptoQuant announced that Ethereum’s circulating supply has reached a historic record, exceeding 121 million ETH. This level came almost three years after the network reached a supply of 120 million ETH on August 22, 2022. Ethereum currently generates approximately 2,500–3,000 ETH per day. This indicates a stable issuance rate despite protocol changes and upgrades over time. However, the circulating supply is determined not only by issuance but also by the staking mechanism. Every ETH deposited into a staking contract is removed from circulation, slowing net supply growth and acting as a brake on token inflation. Related News: Unexpected Altcoin Makes a New Surge in the Last 24 Hours: Here’s Why It’s Rising Currently, the total amount of ETH produced on the Ethereum network is as follows: Circulating supply: 121,000,000 ETH ETH locked in staking contracts: 36,182,039 ETH Total ETH produced: 157,182,039 ETH CryptoQuant notes that this data indicates that Ethereum’s monetary base is expanding through a controlled issuance and staking-based lockup model. According to the analysis, while the deflation narrative may weaken in the short term, the balance between supply and staking will remain critical to Ethereum’s future valuation. Whether future price pressure stems from inflation or the network’s activity level will be the key factor determining this balance. *This is not investment advice. Continue Reading: Ethereum Supply Reaches All-Time High – Here’s What It Means and What to Expect

Source: BitcoinSistemi