- Ethereum’s circulating supply surpasses 121 million ETH after nearly three years, maintaining a steady issuance rate of 2,500–3,000 ETH daily.
- Over 36.18 million ETH is currently staked, reducing the circulating supply and acting as a brake on inflationary token growth.
- Total ETH minted to date reaches 157,182,039, combining both circulating tokens and those locked in staking contracts since Ethereum’s launch.
Ethereum has reached a new supply milestone, crossing 121 million ETH in circulation as of August 8, 2025, according to data from CryptoQuant.
Steady Supply Growth Over Three Years
On August 22, 2022, Ethereum’s circulating supply stood at 120 million ETH. It has taken almost three years to add another million to reach the latest figure. The network currently issues around 2,500 to 3,000 ETH per day, maintaining a consistent minting rate despite protocol changes over time.
CryptoQuant’s post by @oro_crypto noted that Ethereum continues to expand its monetary base using a controlled issuance model. This approach has been influenced by both network upgrades and the introduction of staking mechanisms that remove ETH from circulation.
Role of Staking in Supply Dynamics
A substantial portion of minted ETH is locked in staking contracts. At present, over 36.18 million ETH is staked, according to the latest figures. This amount is excluded from the circulating supply, creating a balancing effect on net supply growth.
The process of staking functions as a shield against inflationary trends through token locking for network validation. The growing quantity of staked ETH leads to a reduced rate of supply growth even when daily coin issuance remains constant. Ethereum controls its token supply primarily through this system, which was established during the transition to proof-of-stake.
Total ETH Minted to Date
The combined total of circulating ETH and staked ETH now stands at 157,182,039. This represents all ETH minted since the network’s launch. The current supply structure reflects both active circulation and long-term staking commitments from network participants.
CryptoQuant’s data shows a gradual, predictable increase in circulating supply over time. The interaction between controlled issuance and staking-based locking remains a defining feature of Ethereum’s current monetary policy. Market observers continue to track whether network activity can sustain this growth without generating inflation-driven price pressure.
Ethereum’s new record confirms the network’s expanding base, shaped by issuance policies and staking participation that continue to influence overall token availability.
