Ethereum supply concentration in smart contracts hits all time high
The amount of Ethereum’s supply concentrated in smart contracts has hit an all-time high post-merge. Smart contracts now create 0.45% of all Ethereum behind staked Ethereum at 0.57% and Exchange balances at 0.17%.The chart below presents an area view of some of the largest concentrations of the Ethereum supply.
The data showcases where new Ethereum is being distributed, thus giving insight into network activity for new coins. Supply concentration on exchanges has declined since mid-2020, while smart contracts and staking have increased since late 2020. After the ICO launch of Ethereum in 2014, the total circulating supply of Ethereum was 72 million ETH. At the time of The Merge, it had reached 120,534,150 ETH and has since declined by around 10,000 ETH. The circulating supply hit a post-merge low on Oct. 27.
Source
@CryptoWorldAnalysis
