Want to know how many Ethereum are there? Understanding the circulating supply of Ether (ETH) is crucial for anyone interested in cryptocurrency. With around 120 million Ethers in circulation, it's important to understand how many Ethereum are there and left to mint when calculating its value. The total number influences its price, market capitalization, and overall investment potential.
How many ethereum coins there are now is vastly different from when the Ethereum blockchain first launched all the way back in the summer of 2015. Back then, about 72 million ETH were pre-mined and distributed. This initial supply has significantly increased over time through mining rewards (though this process changed significantly with the Merge).
Today, there are some 120 million ETH tokens, and the supply is dropping, or at least its rate of increase is slowing. This is due to the Ethereum Improvement Proposal (EIP) 1559, which burns a portion of transaction fees, effectively reducing the overall ETH supply. This deflationary mechanism makes tracking the exact number of Ethereum even more important.
The exact number of Ethereum in circulation can fluctuate slightly in real-time due to the ongoing burning of transaction fees. However, reputable sources like CoinMarketCap, CoinGecko, and Etherscan provide up-to-date estimates of the current circulating supply.
Find out why the Ethereum supply is evolving, and learn other vital stats and facts about Ethereum in our latest blog post. We delve deeper into the economics of Ethereum, explain how the Merge impacted ETH issuance, and explore the potential future of Ethereum's supply dynamics. Stay informed and make smarter investment decisions!