Since there are fewer tokens available for purchase in every crypto exchange in the ever-evolving sector, the market appears to be entering a tightening phase. This trend might increase the volatility and pave the way for more robust price reactions in the coming months.
According to Coin Bureau, ETH’s total exchange balance has plunged by over 20% since July this year. After the persistent decline in inflows, the overall number of ETH present in exchanges is approximately 14.8 million ETH, which marks the lowest levels since 2016.
This rise highlights ETH’s growing allure as a long-term strategic asset and the rapid diversification of treasuries into digital assets. Andreoli stated that the surge makes ETH the fastest-growing treasury asset in the crypto and financial sector.
Although the disparity in treasuries is tiny now, it is likely to become bigger in the near future. ETH’s outperformance may be bolstered by its utility-driven ecosystem, staking rewards, and deep integration across Decentralized Finance (DeFi).
