How Many ETH Are There? A Comprehensive Look at Ethereum‘s Circulating Supply212
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization, behind only Bitcoin (BTC). It is a decentralized blockchain platform that allows developers to build and deploy smart contracts and decentralized applications (dApps). ETH is the native currency of the Ethereum blockchain and is used to pay for transaction fees and to reward miners who verify and add new blocks to the blockchain.
As of August 2023, there are approximately 122 million ETH in circulation. This number is constantly changing, as new ETH is created through mining and some ETH is lost or destroyed. The total supply of ETH is capped at 18 million, which means that there will never be more than 18 million ETH in circulation.
The circulating supply of ETH is important because it affects the price of ETH. The more ETH that is in circulation, the less scarce it is, and the lower its price will be. Conversely, the less ETH that is in circulation, the more scarce it is, and the higher its price will be.
There are a number of factors that can affect the circulating supply of ETH. These factors include:
Transaction fees: When users send ETH, they pay a transaction fee. These fees are burned, which means that they are removed from circulation. The amount of transaction fees that are burned depends on the network traffic.
Lost or destroyed ETH: Some ETH is lost or destroyed due to human error or technical glitches. This ETH is permanently removed from circulation.
The circulating supply of ETH is a complex and ever-changing factor. It is important to understand the factors that can affect the circulating supply in order to make informed investment decisions.
2025-01-19
Previous:What is Bitcoin Spot?

Ripple‘s Circulating Supply: A Deep Dive into XRP‘s Current Market Dynamics
https://cryptoswiki.com/cryptocoins/102114.html

Optimizing Ethereum Mining on NVIDIA GPUs: A Deep Dive into Overclocking Parameters
https://cryptoswiki.com/cryptocoins/102113.html

Will USDT Lose its Peg and Become Unredeemable? A Deep Dive into Tether‘s Stability
https://cryptoswiki.com/cryptocoins/102112.html

Are Polkadot Ecosystem Tokens Cryptocurrencies? A Deep Dive
https://cryptoswiki.com/cryptocoins/102111.html

How to Use a Bitcoin Mining Rig: A Comprehensive Guide
https://cryptoswiki.com/mining/102110.html
Hot

Binance Avatar IDs: A Deep Dive into On-Chain Identity and Future Implications
https://cryptoswiki.com/cryptocoins/101923.html

Ethereum‘s Elections: A Deep Dive into the Governance Landscape
https://cryptoswiki.com/cryptocoins/101791.html

CFX vs. ETH: A Deep Dive into Conflux and Ethereum
https://cryptoswiki.com/cryptocoins/101787.html

Where to Buy Bitcoin: A Comprehensive Guide for Beginners and Experts
https://cryptoswiki.com/cryptocoins/101506.html

How to Pay Taxes on Bitcoin Profits: A Comprehensive Guide
https://cryptoswiki.com/cryptocoins/101065.html