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ETH supply surges back to pre-merge levels

ETH’s circulating supply has surged to 120,521,600, back to its pre-Merge state. This increase is attributed to a rise in blob transactions that emerged after the Dencun upgrade.

Blob transactions have significantly impacted ETH supply since they do not contribute to burning ETH. Future upgrades are anticipated to escalate this inflation further by raising blob targets.

This is community-generated content, not advice from ONUS.
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