Ethereum Supply Concentration In Smart Contracts Hits ATH
Post-merge, the share of Ethereum’s supply concentration in smart contracts has increased to an all-time high (ATH).
Currently, 0.45% of all Ethereum is created through smart contracts, placing them behind staked Ethereum (0.57%) and exchange balances (0.17%).
An area perspective of some of the highest concentrations of the Ethereum supply is shown in the figure below. As a ratio of the circulating supply, supply locations are displayed from bottom to top. Yellow represents supply owned on exchanges, red represents supply held on smart contracts, and purple represents supply staked on the beacon chain.
Before The Merge, mining accounted for the majority of new ETH issuance. About 13,000 ETH has been generated daily due to the mining process. After removing mining from the network, the new supply decreased by about 99%. Only 3,000 ETH per day is generated from staking, with a daily burn of around 1,211 ETH at press time.
At the time of writing, ETH is trading at $1592.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Author
Ethereum
Ethereum Supply Concentration In Smart Contracts Hits ATH
Post-merge, the share of Ethereum’s supply concentration in smart contracts has increased to an all-time high (ATH).
Currently, 0.45% of all Ethereum is created through smart contracts, placing them behind staked Ethereum (0.57%) and exchange balances (0.17%).
An area perspective of some of the highest concentrations of the Ethereum supply is shown in the figure below. As a ratio of the circulating supply, supply locations are displayed from bottom to top. Yellow represents supply owned on exchanges, red represents supply held on smart contracts, and purple represents supply staked on the beacon chain.
Before The Merge, mining accounted for the majority of new ETH issuance. About 13,000 ETH has been generated daily due to the mining process. After removing mining from the network, the new supply decreased by about 99%. Only 3,000 ETH per day is generated from staking, with a daily burn of around 1,211 ETH at press time.
At the time of writing, ETH is trading at $1592.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Other Posts
Related Posts
News
Ethereum Network Fees Drop To Record With Optimistic Forecast Coming Soon For Altcoins
News
North Korean Lazarus Group Targets Crypto Scam Through Fake LinkedIn Accounts
News
