Ethereum Exchanges See All-Time Low Supply Amid Staking Surge

Ethereum's (ETH) presence on exchanges has reached an all-time low. According to Santiment, just 3.49% of Ethereum's native total supply is currently held on exchanges.

This scarcity could have significant implications for the market, particularly if demand picks up. With a staking queue nearly 11 times larger than those waiting to exit, less ETH is readily available to sell.

The entry queue has 1.68 million ETH waiting to enter staking, while only around 154,000 are waiting to exit. This imbalance could amplify Ethereum's upside move if demand increases.