[Ethereum's Circulating Supply Has Increased by Over 950,000 ETH Since the Merge, with an Annual Inflation Rate of Approximately 0.23%] BlockBeats News, February 21, according to data from ultrasound.money, since Ethereum completed the Merge upgrade, its circulating supply has increased by over 950,000 ETH. Currently, the total circulating supply of Ethereum is approximately 121.5 million ETH, with an annual inflation rate of about 0.23%.