Understanding Ethereum's Supply

[valgalapena]

If you've ever been confused about how many Ethereum exist or how its supply works compared to Bitcoin, I found a really helpful article that clears it all up.

It breaks down a key difference: Bitcoin has a fixed cap of 21 million, but Ethereum's supply is dynamic and managed by the network. Since The Merge moved Ethereum to proof-of-stake, new ETH is created as staking rewards, while the EIP-1559 upgrade burns a portion of transaction fees. This means the total supply can actually decrease when the network is busy, making it deflationary at times.

The article explains this "ultra-sound money" concept clearly, provides the current circulating supply (around 120 million ETH), and answers whether Ethereum will ever have a max cap. It's a great read if you want to move beyond simple comparisons and understand Ethereum's unique economic model.

You can check out the full explanation here: https://paybis.com/blog/how-many-ethereum-are-there/