Ethereum Supply Reaches New 2023 Peak

Ethereum Supply Hits New High Since January 2023

• Ethereum’s supply has surpassed 120.5 million ETH.
• The increase is linked to the Dencun update, which introduced BLOB transactions.
• The Dencun update was implemented in April 2024.
• BLOB transactions use a unique fee unit called “gas BLOB.”
• The upcoming Pectra update in March 2024 may affect inflation dynamics.

Ethereum’s supply has reached over 120.5 million ETH, driven by the Dencun update’s introduction of BLOB transactions. The upcoming Pectra update could further influence Ethereum’s inflationary trends.