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Eth Circulating Supply: A Comprehensive Overview
Understanding the circulating supply of Ethereum (ETH) is crucial for anyone interested in the cryptocurrency market. It represents the total number of Ethereum coins currently in circulation and available for trading. In this article, we will delve into the various aspects of Ethereum’s circulating supply, including its history, current figures, and its impact on the market.
History of Ethereum’s Circulating Supply
Ethereum, launched in 2015, has seen its circulating supply evolve over the years. Initially, the supply was capped at 18 million ETH, but due to various factors, including forks and airdrops, the supply has expanded. Let’s take a look at the key milestones in Ethereum’s circulating supply history.
| Year | Circulating Supply | Notable Events |
|---|---|---|
| 2015 | 18,000,000 ETH | Ethereum launch |
| 2016 | 18,000,000 ETH | No significant changes |
| 2017 | 18,000,000 ETH | First fork (Ethereum Classic) |
| 2018 | 18,000,000 ETH | No significant changes |
| 2019 | 18,000,000 ETH | No significant changes |
| 2020 | 18,000,000 ETH | No significant changes |
| 2021 | 18,000,000 ETH | No significant changes |
As you can see from the table, the circulating supply of Ethereum remained at 18 million ETH until 2021. However, it’s important to note that this figure does not account for the potential impact of forks and airdrops on the supply.
Current Circulating Supply
As of the latest available data, the circulating supply of Ethereum is approximately 118 million ETH. This figure includes all the coins that have been mined and are currently in circulation. To put this into perspective, let’s compare Ethereum’s circulating supply with other major cryptocurrencies.
| Cryptocurrency | Circulating Supply |
|---|---|
| Bitcoin (BTC) | 18.9 million BTC |
| Ethereum (ETH) | 118 million ETH |
| Binance Coin (BNB) | 186 million BNB |
| Cardano (ADA) | 45.5 billion ADA |
| Polkadot (DOT) | 10.5 billion DOT |
As you can see, Ethereum’s circulating supply is significantly higher than Bitcoin’s, but lower than Binance Coin and Cardano. This indicates that Ethereum holds a substantial position in the cryptocurrency market.
Impact of Circulating Supply on the Market
The circulating supply of Ethereum has a significant impact on the market, and understanding this relationship is crucial for investors. Here are some key points to consider:
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Supply and Demand: A higher circulating supply can lead to increased competition among buyers, potentially driving down prices. Conversely, a lower supply can lead to higher prices due to scarcity.
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Market Manipulation: A higher circulating supply can make it easier for large holders to manipulate the market by selling a significant portion of their holdings, potentially causing price volatility.
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