Santiment: Ethereum Exchange Supply Hits Record Low of 3.49%
- —ETH on exchanges is 3.49% of total supply, a record low
- —1.16% of total ETH supply has left exchanges since June 1
- —About 35% of ETH supply is staked
- —Ethereum DeFi applications hold roughly $53 billion
Why it matters: A thinner exchange supply cuts the amount of ETH immediately available for sale, but prices can only rise if demand strengthens alongside it.
Source: Koin Bülteni