With a record of 35 million ether now marked out, liquidity is tightening while investors opt for a passive return on short -term transactions. Business treasury bills, led by companies like Sharplink, accelerate the trend.
According to Dune Analytics data, the total quantity of marked ether (ETH) exceeded 35 million tokens this week, marking a new summit of all time for the Ethereum proof network.
This figure now represents more than 28% of the circulating cryptocurrency supply of more than 120 million tokens. With more than a quarter of all the ether locked up in development contracts, the liquid supply available on exchanges is narrowing quickly and can fall more, because the number of public enterprises and large institutions that seek to hold rather than exchange the asset continues to increase.
Who locks ETH’s offer?
Ethereum, the development increased regularly since the network has increased to the end of the end of 2022, but the last months have brought a clearer increase. According to a cryptocurrency of June 18, more than 500,000 ETH were laid off in the first half of only June, pushing the total above 35 million.
Dune’s analysis data show that Lido, the main liquid implementation protocol, now controls 8.75 million ETH, about a quarter of all milestones. Centralized exchanges like Coinbase and Binance follow, collectively validating 15% of the network.
But the greater change occurs outside the chain, where corporate balance sheets are quietly becoming ETH accumulation vehicles. These companies are increasingly treating ether not only as a technological investment, but as a long -term treasure asset.
As indicated by Crypto.NewsSharplink Gaming, on the Nasdaq side bought for $ 463 million in ETH on June 13, becoming the second known holder of the Ethereum Foundation. The company also announced that it had marked more than 95% of its total assets to generate a return while contributing to the safety of the Ethereum network.
For companies like Sharplink, the logic behind the purchase and staging of ETH is structural. The token offers a stimulation yield of around 3%, and the DEC directives of the SEC actually have an institutional participation in Green enlightened by clarifying that the implementation at the level of the protocol does not fall under the regulations of securities.
