Ethereum Supply Increases Amid Destruction Mechanism Activity

According to BlockBeats, data from Ultrasound.money indicates that the net supply of Ethereum has increased by 7,663 ETH over the past seven days as of October 22. During this period, the total supply of Ethereum grew by approximately 18,332 ETH, while 10,668 ETH were destroyed through the network's destruction mechanism. The total supply of Ethereum now stands at 120,390,393 ETH. The annual supply growth rate has decreased to 0.332%. This data highlights the ongoing dynamics within the Ethereum network, balancing new supply with the destruction of existing tokens.