Ethereum Exchange Supply Hits Record Low Amid Staking and DeFi Surge

Ethereum's tradable supply on centralized exchanges has reached an all-time low, with only 3.49% of its total supply remaining on tracked platforms. According to a recent update from Santiment, another 1.16% of Ethereum's supply has moved off exchanges since June 1.

This decline means fewer ETH are immediately available for trading or selling, even as network activity remains resilient. The trend extends an earlier multi-year drop in exchange balances that has shifted attention toward staking, self-custody, and onchain use.

Around 35% of Ethereum's supply is estimated to be staked, while roughly $53 billion is locked across DeFi platforms. This gives holders more ways to keep ETH productive without leaving coins near exchange order books.