Ethereum surpasses 120 million tokens in total supply, net supply increases by approximately 57,653 tokens
Publication Time:2024-08-15 20:07:07
The total supply of Ethereum (ETH) has surpassed the 120 million token milestone, reaching around 120,280,000 tokens. This achievement was accomplished on the basis of issuing 77,091 ETH over the past 30 days. At the same time, 19,438 ETH were removed through the burning mechanism, resulting in a net increase of approximately 57,653 tokens in the supply. This growth not only reflects the continuous development of the Ethereum ecosystem but also embodies the trust of users in the network and their concern for sustainability. As Ethereum transitions to a more environmentally friendly Proof-of-Stake (PoS) consensus mechanism, it is expected that more ETH will be reduced through various burning mechanisms in the future, potentially further driving its price and value growth.
Total Supply
Ethereum supply
Burning Mechanism
Net supply increase
ETH issuance