Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has seen a notable increase in its weekly net supply. According to data from Ultrasound.money, reported via BlockBeats, the net supply of ETH grew by 17,575 ETH over the past week.

Key Stats:

  • Total Supply Increase: ~18,200 ETH

  • ETH Burned: 625 $ETH

  • Net Supply Change: +17,575 ETH

  • Total Supply: 120,734,538 ETH

  • Annual Growth Rate: 0.76%

This uptick in net supply contrasts Ethereum's post-Merge deflationary narrative, largely driven by reduced on-chain activity and lower gas fees — which means fewer $ETH are being burned.

What Does This Mean for Investors?

While a positive supply change might seem bearish at first glance, context matters:

  • Low Burn = Low Network Activity: Ethereum’s burn mechanism (EIP-1559) depends heavily on transaction volume. A lower burn rate could indicate a temporary slowdown in DeFi, NFTs, or general usage.

  • Macro Trends Still Favorable: Institutional interest remains strong, and with the anticipated ETF narratives extending into altcoins, Ethereum could be next in line.

  • Opportunities to Accumulate: Short-term increases in supply may offer long-term investors a chance to accumulate $ETH at lower valuations before major catalysts (like ETF approvals or L2 expansions) kick in.

Final Thoughts

Ethereum remains one of the most battle-tested and adopted blockchain ecosystems in the world. While the weekly net supply increase is worth noting, it should not overshadow the broader fundamentals and future growth potential of the network.

Follow me for more insights on the crypto market!