Chainfeeds Introduction:
ETF, CEX, Staking Contracts, Layer2...... Who is net outflowing? Who is net inflowing?
Article Source:
https://www.odaily.news/zh-CN/post/5205682
Article Author:
Michael Nadeau
Perspective:
Michael Nadeau: Various Ethereum ETFs currently control about 5% of ETH supply. Over the past 3 months, ETH ETF assets under management have grown by 80%, with BlackRock and Fidelity ETFs accounting for 73% of the assets. Currently, about 29.7% of ETH is staked. Over the past three months, ETH staking scale has grown by 5%, during which Lido's market share dropped by 3.5%, while Binance's staking share increased by 23%, currently ranking second. As more ETH treasury companies invest ETH in staking, we expect this number to continue rising in the coming months. ETH in Layer2 currently accounts for only 5% of circulating supply. Over a year ago, Blast occupied 52% of Layer2 ETH supply, now almost 0% - incentive programs are simply a waste of money. Currently, 41% of ETH on Layer2 is on Arbitrum, and 33% is on Base. Currently, the total ETH in major CEXs accounts for 14% of circulating supply. This number has dropped by 6.7% since the third quarter, currently at its lowest level since July 2016. Where did these ETH go? Most went into staking contracts and cold wallets. Wrapped ETH currently accounts for only 1.8% of circulating supply. Since early 2022, this number has dropped from its peak of 70%, a decline trend that coincides with the rising trend of ETH in staking contracts. Excluding the above categories, other major holding entities and individuals' ETH holdings account for about 1.7%. In this 1.7%, Binance's Binance Peg Tokens Fund accounts for about 25%, with Polygon Bridge, Tornado Cash, Ethereum Foundation, and Vitalik himself being the main holders.
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