Ethereum’s lost supply reaches a staggering 913,111 ETH
The post Ethereum’s lost supply reaches a staggering 913,111 ETH appeared on BitcoinEthereumNews.com. Ethereum’s lost supply has reached a staggering 913,111 ETH, according to Coinbase’s Conor Grogan. The amount, now worth about 0.76% of the circulating supply of Ethereum, was attributed to bugs, incorrect contracts, and mistakes in user activity. The losses exceed $3.43 billion at rates held in its current market of around $3,822. As noted by Grogan, this estimate only counts permanently unused ETH, e.g., tokens caught in contracts or burned addresses. It does not include the lost ETH due to forgotten private keys and inactive Genesis wallets, so the actual value may be much larger. Based on my research, a minimum of 913,111 Ethereum is lost forever due to user error. This is 0.76%+ of ETH supply, or $3.43 billion in lost funds If we include EIP‑1559 burned ETH (5.3M), then >5% of all ETH ever made ($23.42B) have been permanently destroyed pic.twitter.com/IlTduN7Kzx — Conor (@jconorgrogan) July 20, 2025 With the destruction of 5.3 million ETH through the Ethereum EIP-1559 system, the total Ethereum removed from circulation effectively surpasses 6 million tokens. This constitutes approximately 4-5% of the 120.7 million total supply. The largest loss events remain consistent with Grogan’s 2023 analysis. These include 306,000 ETH lost to the Parity Multisig bug, 60,000 ETH trapped in a QuadrigaCX contract, and 11,500 ETH lost in the Akutars NFT mint failure. There have been minimal changes since last year, and 1,000 more ETH have been sent to burn addresses. Total losses of ETH caused by these mistakes have increased by 44 percent since March 2023, when the figure was 636,000 ETH. “To be clear, this $3.4 billion number significantly undershoots the actual lost/inaccessible ETH amount — it just covers instances where Ethereum is locked forever.” – Conor Grogan Ethereum supply dynamics support bullish thesis The tokenomics of Ethereum have grown more deflationary. Following…
The post Ethereum’s lost supply reaches a staggering 913,111 ETH appeared on BitcoinEthereumNews.com.
Ethereum’s lost supply has reached a staggering 913,111 ETH, according to Coinbase’s Conor Grogan. The amount, now worth about 0.76% of the circulating supply of Ethereum, was attributed to bugs, incorrect contracts, and mistakes in user activity. The losses exceed $3.43 billion at rates held in its current market of around $3,822. As noted by Grogan, this estimate only counts permanently unused ETH, e.g., tokens caught in contracts or burned addresses. It does not include the lost ETH due to forgotten private keys and inactive Genesis wallets, so the actual value may be much larger. Based on my research, a minimum of 913,111 Ethereum is lost forever due to user error. This is 0.76%+ of ETH supply, or $3.43 billion in lost funds If we include EIP‑1559 burned ETH (5.3M), then >5% of all ETH ever made ($23.42B) have been permanently destroyed pic.twitter.com/IlTduN7Kzx — Conor (@jconorgrogan) July 20, 2025 With the destruction of 5.3 million ETH through the Ethereum EIP-1559 system, the total Ethereum removed from circulation effectively surpasses 6 million tokens. This constitutes approximately 4-5% of the 120.7 million total supply. The largest loss events remain consistent with Grogan’s 2023 analysis. These include 306,000 ETH lost to the Parity Multisig bug, 60,000 ETH trapped in a QuadrigaCX contract, and 11,500 ETH lost in the Akutars NFT mint failure. There have been minimal changes since last year, and 1,000 more ETH have been sent to burn addresses. Total losses of ETH caused by these mistakes have increased by 44 percent since March 2023, when the figure was 636,000 ETH. “To be clear, this $3.4 billion number significantly undershoots the actual lost/inaccessible ETH amount — it just covers instances where Ethereum is locked forever.” – Conor Grogan Ethereum supply dynamics support bullish thesis The tokenomics of Ethereum have grown more deflationary. Following…
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