Cointelegraph Consulting: Gauging the impact of ETH shortages on exchanges
On-chain data shows that ETH is quickly vanishing from exchanges. Cointelegraph Consulting explores the causes and impact of this trend. Many researchers and influencers have pointed this out as a bullish sign that illustrates increasing demand for the native token that powers many popular DeFi apps. Others look at this as more of a critical flaw that could make the asset harder to acquire and trade as it becomes progressively more embedded in locked smart contracts and applications.Last spring, the percent of Ether (ETH) supply on exchanges peaked at around 26%, but since then, there has....
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