ETH Supply

Definition ∞ ETH supply refers to the total quantity of Ethereum (ETH) tokens currently in existence and circulating within the network. This figure includes all minted ETH, accounting for any tokens that have been burned or permanently removed from circulation. The supply dynamics are influenced by various factors, including block rewards for validators, transaction fees, and network upgrades that alter issuance or burning mechanisms. It is a critical economic metric for evaluating the scarcity and valuation of Ethereum.
Context ∞ The ETH supply is a central topic in cryptocurrency news, particularly since the implementation of EIP-1559 and the transition to Proof-of-Stake, which introduced deflationary pressures. Discussions often center on whether ETH is becoming a deflationary asset, its impact on price, and the long-term economic model of the Ethereum network. Changes in issuance rates or significant burning events are closely monitored by investors and analysts for their implications on ETH’s value proposition.