Ethereum’s supply has grown by 112,000 ETH over 73 days since April 14, 2024, reaching a total of 120,176,918 ETH. This increase follows the Dencun update on March 13, 2024, aimed at enhancing the network’s scalability and efficiency.
The Merge, activated on September 15, 2022, initially reduced Ethereum’s supply by 344,000 ETH. However, the Dencun update has reversed this deflationary trend, raising concerns among experts about Ethereum’s long-term value proposition.
Currently trading near $3,370, Ethereum has seen a slight dip of 0.82% in the last 24 hours, with a trading volume of $4.4 billion. The community and investors must stay vigilant as Ethereum navigates these changes, which could significantly impact its market dynamics and future role in the cryptocurrency landscape.
