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Over the past week, the price of the native coin of the network has risen by +17.25% and is currently trading at $4,275.67. This brings it closer to the all-time high set in 2021. At that time, Ether was priced at $4,875. Additionally, on August 8, another record was set: more than 121 million ETH were in circulation — a new all-time high. For comparison, in August 2022, there were 120 million ETH in circulation, and it took nearly three years to add that million. Currently, approximately 2,500–3,000 ETH are created daily, and this pace remains stable despite the network upgrade. Part of the ETH is taken out of circulation through staking — when users lock coins to validate transactions and earn rewards. This reduces the actual amount of ETH available for trading and restrains inflation growth.