Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy BNB
BNB (BNB)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

Ethereum supply volume dropped to 120.07 million ETH - the lowest since the summer of 2022

Ethereum: Ethereum supply volume dropped to 120.07 million ETH - the lowest since the summer of 2022

On March 17, 2024, according to CryptoQuant, Ethereum's total supply fell to 120,077,222.76 ETH. This is a new bottom since the beginning of August 2022.

According to Ultrasound Money, the rate of supply decline has reached 0.876% per year since the beginning of March 2024; considering the Merge update as a first point of reference, it is worth noting that the change is 0.246%.

Ethereum supply volume dropped to 120.07 million ETH - the lowest since the summer of 2022
Ethereum (ETH) supply volume. Source: CryptoQuant.

The jump in Ethereum's decline rate is attributed to an increase in activity on the network: between March 12 and March 17, 2024, the average value of the metric jumped from 1.21 million transactions to 1.26 million transactions:

Ethereum supply volume dropped to 120.07 million ETH - the lowest since the summer of 2022
Seven-Day Moving Average (7DMA) of transactions on the Ethereum network. Source: The Block.

As a reminder, on March 13, 2024, the Ethereum core network successfully completed the implementation of the #Dencun enhancement. This enhancement affected both Tier 1 and Tier 2 and resulted in a significant reduction in fees on the #L2 chain.

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Make crypto bots for trading
Press Releases: Happening Right Now - Marginly is Bootstrapping Liquidity
Marginly, the leverage-as-a-service protocol that enables one-click leverage on yield-bearing assets, kicked off its Liquidity Bootstrap Event on May 15. The protocol is rewarding..
Altcoins: The founder of Telegram commented on the launch of the Notcoin token
Pavel Durov, the creator of the Telegram messaging platform, shared his thoughts on the introduction of the Notcoin (NOT) cryptocurrency. He emphasized that the initiative has attracted more..
Regulation: The French regulator announced a possible blocking of the Bybit platform
The French financial markets regulator (AMF) has issued a warning to investors about the possible restriction of access to the Bybit platform's website. It also noted that..
Mining: During the last three years, El Salvador mined 473.5 BTC using geothermal energy
Since 2021, El Salvador has mined 473.5 BTC (equivalent to $29.3 million) through the use of geothermal energy. Such information was released by Reuters, referring to the state structure..