COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Ethereum Sees Significant Supply Increase in One Week
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ethereum (ETH) > Ethereum Sees Significant Supply Increase in One Week
Ethereum (ETH)

Ethereum Sees Significant Supply Increase in One Week

In Brief

  • Ethereum's supply increased by over 10,000 ETH in just one week.

  • The token burn mechanism is intended to help control Ethereum's supply.

  • Ethereum's current trading price is $2,425, affected by Bitcoin's recent decline.

Fatih Uçar
Fatih Uçar 9 months ago
Share
SHARE

In the past week, the Ethereum (ETH) $2,405 network experienced a notable increase in supply. According to data from ultrasound.money, Ethereum’s net supply rose by 10,201 ETH over the last seven days. During this period, approximately 18,415 ETH were newly supplied, while 8,213 ETH were burned and removed from circulation. These figures indicate that the supply of Ethereum continues to expand steadily.

Contents
Increase in Ethereum’s Supply and Token Burn MechanismCurrent Price of Ethereum

Increase in Ethereum’s Supply and Token Burn Mechanism

The Ethereum network controls its supply through the EIP-1559 token burn mechanism, which was implemented following the London upgrade. This mechanism burns a certain amount of ETH with each transaction, helping to maintain supply control. However, recent data suggests that supply growth is still ongoing.

Last week, Ethereum saw a total increase of 18,415 ETH, with 8,213 ETH being burned. Net supply has increased by 10,201 ETH.

Currently, the total supply of Ethereum has reached 120.37 million ETH. The annual increase rate of supply has decreased to 0.442%. This rate indicates that the supply is increasing in a controlled manner and that the growth speed is slowing down. The aim is to maintain even tighter control over the supply through the token burn mechanism.

Current Price of Ethereum

The main asset of the altcoin king, Ethereum, is currently trading at $2,425 after a 2.52% drop in the past 24 hours. ETH has been somewhat affected by the recent decline in Bitcoin (BTC) $105,328 prices, with recorded highs and lows for the last 24 hours being $2,520 and $2,405, respectively.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Ether Takes on a Rollercoaster Ride as Funds Dwindle but Technical Support Holds Strong

Crypto Analyst Sets Expectations for Solana, Bitcoin, and Ethereum

Ethereum Network Experiences a Surge in New Wallet Creations

Silent Giants Sell Millions in Ethereum After Years of Dormancy

Ethereum Holds Steady as Major Players Boost Accumulation

Fatih Uçar 8 October, 2024 - 1:01 pm 8 October, 2024 - 1:01 pm
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin Miners Maintain Stock Stability Despite Revenue Decline
Next Article Binance Updates Proof of Reserves System to Enhance User Security
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

XRP Navigates Crucial Resistance and Support Levels
Ripple (XRP)
Trump Sparks Optimism with Middle East Peace Initiative
Cryptocurrency News
Swissblock Warns on Bitcoin’s Liquidity Struggles Affecting Its Value
Bitcoin (BTC)
Metaplanet Embraces a Bold Bitcoin Investment Strategy
Bitcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?