Total Supply in Ethereum Rises After a Long Time: What is the Latest Data?

Ethereum (ETH) supply since December 2022

While it is on the rise for the first time, this trend is attributed to low transaction fees and the increase in daily mints.

Despite this, Ethereum's inflation remains significantly below Bitcoin's, with a net supply increase of 0.44% annually. As of now, Ethereum's supply stands at 120.26 million.

On September 15 last year, Ethereum underwent a major update known as Merge. With this update, ETH has transformed its blockchain from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) system.

Since the merge, a total of 1,013,068 ETH has been burned and 747,774.27 ETH has been minted, resulting in a net supply change of -265,394 ETH_.$ETH