The supply of Ethereum's ether has decreased by around 0.02% over the past two years following the network's merge with the Beacon Chain and transition to a Proof-of-Stake consensus algorithm. In contrast, the supply of bitcoin has increased by 1.83% per year. The implementation of Ethereum Improvement Proposal 1559 has resulted in the burning of around $175.9 million worth of ETH since the upgrade, with the current supply standing at around 120.4 million ETH. Additionally, BlackRock's iShares Ethereum Trust ETF now holds over one million ETH worth over $3.5 billion.



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