ETH in smart contracts has reached twice as much as ETH in exchanges

Currently, the percentage of ETH in smart contracts is about twice the percentage of stock on exchanges.

ETH in smart contracts has reached twice as much as ETH in exchanges

Since March this year, most of the ETH on exchanges in a single day has been a net outflow. Currently, the share of ETH in smart contracts is about twice the share of exchange inventory.

PAData, May 21 – According to glassnode’s data, since March this year, ETH on exchanges on a single day has mostly been in a net outflow state, with the most recent week consistently being a net outflow. Among them, on May 17, the net outflow of ETH from the exchange reached about 313,900,000 ETH at one point, which was the largest net outflow since May.

From the perspective of the ratio of exchange stocks to total liquidity, the proportion of ETH stocks in exchanges to total liquidity has been declining this year. Currently, it stands at about 11.13%, down about 6.97% from the beginning of this month and “decelerating” by about 1 percentage point from last month. On the other hand, the total amount of ETH in smart contracts (mainly DeFi protocols) as a percentage of liquidity has been on a downward trend. It currently stands at about 22.59%, down about 2.12% from its all-time high in April and down about 0.76% from earlier this month. However, it is still much higher than the share of exchange stock, and since May 15, the share of ETH in smart contracts has been about twice the share of exchange stock, and on May 18, the gap between the two came to the maximum this year, which is about 2.05 times.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/eth-in-smart-contracts-has-reached-twice-as-much-as-eth-in-exchanges/
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