Ethereum rewrites the emission maximum: 121 million ETH in circulation — inflationary pressure is growing
📆 On August 8, the circulating supply of Ethereum surpassed 121,000,000 ETH for the first time — it took almost 3 years to overcome the previous historical milestone of 120 million. Approximately 2,500–3,000 ETH are issued to the network daily, and 36.18 million ETH are locked in staking.
📊 Taking staking into account, the total mined volume is already 157.18 million ETH. Staking remains a key 'brake' on inflation, removing coins from circulation and reducing pressure on the market.
🆘 However, with low on-chain activity, the increase in supply can still intensify pressure on the rate. The burning of fees partially offsets the issuance, but without an increase in demand in DeFi, L2, and other on-chain scenarios, the additional issuance will become a ballast for the price.
To maintain a long-term bullish trend, Ethereum needs not just staking, but an acceleration of the turnover of the coin in the economy of the network — only then will the expansion of the money supply cease to be a threat.