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Hold Ether? Prepare for Price Squeeze

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Hold Ether? Prepare for Price Squeeze

40% of all Ether is staked or locked in contract

Summary & TLDR

  • 27.10M Staked
  • 13.15M DeFi
  • 6.50M L2

___

✦ TVL: 46.75M Ether

✦ Ether supply: 120,231,040 (Down 0.25% one year)

___

⋄ TVL increases monthly

⋄ Burn reduces supply

⋄ Every new Ether buy places demand on diminishing supply

Numbers Breakdown

Staked Ether: 27.1 Million

Source: Nansen

Ether locked in L2: 6.5 Million

Source: L2 Beat

Ether locked in DeFi: 13.15 Million

Source: DeFi Lama

Ether supply

Source: Ultrasound.money

Post-Merge Ether supply dynamics

Diminishing supply

https://preview.redd.it/sqg7ua5edhqb1.png?679&format=png&auto=webp&s=67e3cc5a76d1ef756a33fa2ab8025b00c479fc75

New Ether issuance cliff

https://preview.redd.it/2gw7hhwndhqb1.jpg?679&format=pjpg&auto=webp&s=fc4969561a0811edd8cf5cd0f4888a4cf395873f

Supply change since The Merge

https://preview.redd.it/31wawqcqdhqb1.jpg?680&format=pjpg&auto=webp&s=3559758af7fa75d4dd751ddb5d8dea15cfd357a3

Post-Shanghai staking flow

Source: Dune Analytics

Post-Shanghai staking withdrawals

Source: Dune Analytics

L2's Growing dominance

https://preview.redd.it/gu76yk64khqb1.png?878&format=png&auto=webp&s=300b4c6842137d2b0a4605da230c8eae922beb50

Source: Dune Analytics

Median gas: 16, Mean gas: 12

https://preview.redd.it/r9tfjqkvlhqb1.png?655&format=png&auto=webp&s=4c58936bb373a6cd669247ed67c4f09dfe13405a

Thank you for reading. Best of luck to you.????

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