Ethereum supply on crypto exchanges hits decade low
Ethereum’s supply on exchanges has dropped to its lowest level since November 2015, with just 8.97 million ETH available
According to a Mar. 21 analysis by Santiment, this decline is largely due to the growing popularity of decentralized finance and staking. Sell pressure has decreased as more holders lock up their assets rather than keeping them on exchanges. Ethereum’s (ETH) exchange supply has decreased by 16.4% in the last seven weeks, indicating a long-term accumulation trend.
👋 Thanks to the many DeFi and staking options, Ethereum's holders have now brought the available supply on exchanges down to 8.97M, the lowest amount in nearly 10 years (November, 2015). There is 16.4% less $ETH on exchanges compared to just 7 weeks ago. 😮 pic.twitter.com/r5957wPhLi
— Santiment (@santimentfeed) March 20, 2025
But this supply squeeze hasn’t benefited Ethereum’s price, at least yet. ETH has plunged 47% from its December high of $4,105 to its…
