ETH Exchange Supply Hits New Low Amid Staking Surge
Ethereum's supply on exchanges has dropped to a new low of 3.49%, according to data from Santiment.
This represents a continued reduction in the amount of ETH held on exchanges, with 1.16% of Ethereum's total supply moving away from exchanges over the past four months.
The decline is part of a broader trend of Ethereum holders moving their assets off exchange platforms, with staking activity reaching historic highs.