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Ethereum Circulation Supply Declines to a Record Low

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It is reported that the total circulation supply of Ethereum has dropped to 120499921, a new low since the merger, according to the data of Ultrasound. Money, …

Ethereum Circulation Supply Declines to a Record Low

It is reported that the total circulation supply of Ethereum has dropped to 120499921, a new low since the merger, according to the data of Ultrasound. Money, about 21000 ETHs have been reduced compared with the merger.

The circulation supply of Ethereum decreased by about 21000 ETHs

Interpretation of the news:


The latest data from Ultrasound Money shows that Ethereum’s total circulation supply has dropped to 120499921, the lowest since the merger. The cryptocurrency market is dynamic, and any reduction in the circulation supply of a digital asset triggers concern among investors and traders alike. The decline in Ethereum’s circulation supply is therefore significant and deserves attention.

According to the data, about 21000 ETHs have been reduced from the circulation supply, compared to the merger. The reasons behind the drop are unclear, but several factors may have played a part. One possible explanation is the increase in demand for Ethereum as a result of the ever-growing popularity of decentralized finance (DeFi) applications. Ethereum is the primary platform for most DeFi applications, and its ecosystem has been expanding rapidly over the past year. As such, more individuals and institutions are buying and holding the asset, which may cause a drop in its circulation supply.

Another factor that could have contributed to the decline in Ethereum’s circulation supply is the recent network upgrades. Ethereum’s developers have been working on a series of updates to improve the network’s scalability and reduce the cost of transactions. These upgrades have led to changes in the way Ethereum is created and distributed, which may have resulted in a drop in the circulation supply.

Despite the uncertainties surrounding the reasons for the drop in Ethereum’s circulation supply, the overall trend is noteworthy. The reduced supply could have a positive impact on Ethereum’s price, as it indicates a decrease in the available tokens. This decrease in supply could potentially lead to an increase in demand, as investors see the asset becoming scarcer. A rise in demand could, in turn, lead to an increase in the price of Ethereum.

In conclusion, the decline in Ethereum’s circulation supply is a significant development in the cryptocurrency market. While the reasons behind this drop are not yet clear, the trend is worth monitoring closely. Investors and traders should keep an eye on Ethereum’s price movements and stay up to date with any news regarding its circulation supply.

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