Ethereum Exchange Supply Hits Record Low at 3.49%

The Ethereum exchange supply has hit a record low of 3.49% of the total supply, according to data from Santiment.

This decline means that fewer coins are immediately available on exchanges for trading, which can impact market liquidity and potentially create favorable conditions for price appreciation.

A significant portion of Ethereum's total supply has moved away from exchanges since June 1, with about 1.16% of the total supply being transferred off platforms during this time period.

The data suggests that more Ethereum is being held outside of centralized trading platforms, which can provide insight into how much cryptocurrency is readily available for trading.