Ethereum Exchange Reserves Drop 10% to 15.12 Million ETH as Staking Tops 34%
Updated
Updated · Yahoo Finance · Aug 9
Ethereum Exchange Reserves Drop 10% to 15.12 Million ETH as Staking Tops 34%
2 articles · Updated · Yahoo Finance · Aug 9
Summary
$1,900 ETH is trading flat even as exchange balances fell to 15.12 million from 16.86 million in January, removing about 1.74 million ETH—nearly 10% of readily sellable supply.
34% of circulating ETH is now staked and the validator exit queue is near zero, while spot ETH ETFs absorbed about $482 million in four weeks through Aug. 7, including $245 million in the latest week.
20 million-plus weekly transactions and rising smart-contract deployments point to stronger onchain usage, widening the gap between shrinking available supply and expanding network activity.
$87 million in average daily stablecoin netflows to Binance over the past 14 days masked a sharp rotation: Tron-based USDT reserves halved to $709 million, while Ethereum-based USDT and USDC inflows rose 210% and 114%.
That shift suggests market makers are moving collateral onto Ethereum for deeper DeFi liquidity, a setup analysts say has preceded sharper price moves before—without offering a timing signal.