Ethereum Has Torched $13.5B in ETH — But the Supply Keeps Growing
2025-07-14 16:44:49
Main Idea
The Ethereum network has burned over 4.6 million ETH worth $13.57 billion since the London hard fork in 2021, but the supply remains inflationary with a current issuance rate of 0.801%.
Key Points
1. The Ethereum network has burned over 4.6 million ETH since the London hard fork on Aug. 5, 2021, amounting to roughly $13.57 billion at current rates.
2. ETH transactions have contributed the most to the burn (375,959 ETH), followed by Opensea (230,051.12 ETH), Uniswap v2 (227,044.95 ETH), and Tether transactions (210,070.05 ETH).
3. Despite the burn, Ethereum's supply remains inflationary, with a median issuance rate of 0.801% since the London hard fork, nearly matching Bitcoin's current rate of 0.809%.
4. Since the London hard fork, 3,695,537 ETH has been minted, adding approximately $10.89 billion in value to the network.
5. Over the same period, Bitcoin miners have generated 1,092,150 BTC, worth $129.92 billion, with a mean issuance rate of 1.476% over the past 1,438 days.
Description
Across a span of 1,438 days, the Ethereum network has torched over 4.6 million ether, wiping out $13.57 billion worth of the digital asset. But even after all that crypto up in smoke, ether’s supply keeps growing, with an annual inflation rate currently pegged at 0.801%. Ethereum Has Destroyed 4.6 Million ETH It’s been nearly
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