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:

Mining: New ETH is created through mining. Miners verify and add new blocks to the blockchain and are rewarded with ETH for their work. The block reward is currently 2 ETH, but it is scheduled to decrease to 1 ETH in 2024.
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

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