Ethereum Supply Breakdown: How Much ETH Exists?

Krutika Adani

Total Ethereum Supply

  • As of now, there are approximately 120.3 million ETH in circulation. Unlike Bitcoin, Ethereum does not have a fixed supply cap.

ETH supply is influenced by:

  • Issuance – New ETH is created through staking rewards.

  • Burning – A portion of transaction fees is permanently removed via EIP-1559, reducing supply over time.

How Much ETH Is Staked?

  • Currently, over 30 million ETH is locked in Ethereum’s staking contracts, securing the network and earning validator rewards.

Impact of ETH Burn Mechanism

  • Since the London Hard Fork (EIP-1559), over 4 million ETH has been burned, making ETH deflationary at times when burn rates exceed issuance.

Will Ethereum’s Supply Keep Shrinking?

  • With staking and burning mechanisms in play, Ethereum’s circulating supply may continue to decrease over time, making it more scarce and potentially more valuable.

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