Crypto NewsEthereumOn-Chain Analysis: Ethereum (ETH) Exit from Exchanges Continues!

On-Chain Analysis: Ethereum (ETH) Exit from Exchanges Continues!

Ethereum exit from crypto trading platforms operating on a global scale continues without slowing down.

Follow Bitcoin Sistemi Google News Button

Nansen, the analytics platform that tracks non-price movements in blockchain networks, shared that Ethereums located on centralized cryptocurrency exchanges have long been outsourced.

According to on-chain data, the amount of ETH in exchange wallets has dropped from 33 million to 26.5 million since December 2022.

When we calculate the material value for Ethereum tokens that exit from central platforms, we come across a sensational figure of 11 billion dollars. Crypto experts explain the reason for this situation with the different return opportunities available to ETH holders.

Opportunities for ETH Traders!

In particular, individuals and institutions that make medium and long-term Ethereum investments use the crypto asset for staking activity instead of keeping it on exchanges. Investors who lend their ETH to staking platforms earn passive income without incurring significant additional costs.

With the Shapella update, the ETH staked has been released. After the update, this did not happen as the general market expected a large selling pressure.

According to Glassnode data, Lido Finance is the leader in the stake pool distribution with 33%. Crypto exchanges Coinbase, Kraken and Binance have shares of 11.5%, 7.1% and 5.7%, respectively.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!



Buradaki Yorumlardan Bildirim Al
Bildir
guest

0 Comments
Latest
The oldest Top Rated
Inline Feedbacks
View all comments

Popular Posts of the Week