In the past week, the Ethereum (ETH) 
$1,790 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.
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) 
$63,712 prices, with recorded highs and lows for the last 24 hours being $2,520 and $2,405, respectively.
