Ethereum daily volume reached a record high of 1.8 million transactions this year, with 30% of the supply locked in stake, highlighting long-term institutional confidence.
Ethereum on-chain activities have recently reached an important milestone, with daily transaction volume surpassing 1.8 million, setting a new record for the past year. Meanwhile, the network's stake rate has steadily increased, with 30% of the total supply locked for staking, reflecting holders' strong long-term confidence and the maturity of the "hold to earn" strategy. Alongside the gradual clarification of the SEC's guidance on liquid staking and Wall Street institutions significantly increasing their holdings through Spot ETFs, Ethereum is showing notable asset structure changes and ecological expansion momentum.
On-chain activities and loan-to-value reach new highs, significantly enhancing ecosystem activity.
(ETH daily active trading volume increases | Source: Nansen)
The Ethereum network recently surpassed 1.8 million transactions in a single day, setting a record for nearly a year and reflecting a significant increase in its actual usage rate as a leading smart contract platform. This data clearly indicates that, under the promotion of multi-layer scaling strategies, both the network's processing capacity and user activity have entered a new stage.
At the same time, the Ethereum stake ratio has accounted for 30% of the total supply, indicating that more and more holders are choosing to participate in network maintenance and earn rewards through staking instead of short-term selling. This structural shift highlights the market's recognition of Ethereum's long-term value and further strengthens its network security and governance stability.
Institutions Increase Holdings, Wall Street Funds Continue to Flow into ETH Spot ETF
Under the dual impetus of strong on-chain performance and the gradual compliance of the staking mechanism, a large amount of traditional financial capital is flowing into Ethereum through the Spot ETF channel. Market analyst CryptoBusy pointed out that the latest 13F filings show that several top financial institutions are actively establishing or expanding their ETH positions.
Among them, Goldman Sachs currently holds a position worth 721 million USD, equivalent to an increase of 160,072 ETH, making it a leading force in this round of institutional entry. Other quantitative and multi-strategy hedge funds such as Jane Street, Millennium Management, Schonfeld, and D.E. Shaw are also increasing their ETH allocation.
In addition, asset management companies including BlueCrest, Logan Stone, and Elequin HBK have simultaneously increased their positions. These trends collectively indicate that Ethereum is being incorporated into the balance sheets of mainstream financial institutions and is gradually becoming the "default infrastructure asset" in the cryptocurrency space.
Capital rotation begins, Bitcoin's dominance slightly declines
Driven by a series of favorable fundamental trends, funds are gradually rotating from Bitcoin to Ethereum and other assets. In August of this year, Bitcoin's market capitalization share has decreased from 60% to 57%. Although the change is not significant, it carries important implications—it may signify the market entering a new phase of asset allocation adjustment.
The SEC's recognition of liquid staking products is widely interpreted as a key precursor to the future launch of an "ETH ETF with staking functionality." If this product is successfully implemented, it will further lower the barrier for institutions to participate in Ethereum staking, solidifying its income-generating asset attributes.
ETH exchange platform inventory hits nearly 3-year low
According to data from CryptoQuant, since reaching a peak of approximately 28.8 million in September 2022, the ETH reserves on trading platforms have decreased by nearly 10.7 million coins. The current reserve is about 17.4 million ETH, with approximately 2.5 million ETH withdrawn from trading platforms in just the past three months.
Data shows that the Spot ETH ETF launched in July 2024 has attracted over $13 billion in net inflows to date. From June to August, these funds saw net inflows exceeding $10 billion, with a record $5.4 billion in just July.
Corporate bonds are also driving demand. In recent months, several publicly listed companies have announced the issuance of ETH bonds, and the companies' regular purchases have affected the supply of ETH on exchanges. It is known that 17 publicly listed companies hold ETH on their balance sheets, with a total holding of over 3.6 million ETH.
An analyst stated that the major appeal of ETH as a reserve asset lies in its yield potential. "Unlike Bitcoin, ETH is both a macro asset and a productivity asset; it generates yield through staking and has over $100 billion in tokenized assets in the L2 and DeFi sectors."
Conclusion
Ethereum is gaining increasing long-term favor from traditional financial institutions due to its high transaction processing capacity, maturing staking economy, and increasingly clear regulatory environment. From on-chain data to capital flows, multiple dimensions point to one trend: ETH is no longer just a medium of exchange, but also a value storage and yield-generating tool for institutional asset allocation. Its position as a core infrastructure of the crypto economy is becoming increasingly solid.
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Ethereum daily volume reached a record high of 1.8 million transactions this year, with 30% of the supply locked in stake, highlighting long-term institutional confidence.
Ethereum on-chain activities have recently reached an important milestone, with daily transaction volume surpassing 1.8 million, setting a new record for the past year. Meanwhile, the network's stake rate has steadily increased, with 30% of the total supply locked for staking, reflecting holders' strong long-term confidence and the maturity of the "hold to earn" strategy. Alongside the gradual clarification of the SEC's guidance on liquid staking and Wall Street institutions significantly increasing their holdings through Spot ETFs, Ethereum is showing notable asset structure changes and ecological expansion momentum.
On-chain activities and loan-to-value reach new highs, significantly enhancing ecosystem activity.
(ETH daily active trading volume increases | Source: Nansen)
The Ethereum network recently surpassed 1.8 million transactions in a single day, setting a record for nearly a year and reflecting a significant increase in its actual usage rate as a leading smart contract platform. This data clearly indicates that, under the promotion of multi-layer scaling strategies, both the network's processing capacity and user activity have entered a new stage.
At the same time, the Ethereum stake ratio has accounted for 30% of the total supply, indicating that more and more holders are choosing to participate in network maintenance and earn rewards through staking instead of short-term selling. This structural shift highlights the market's recognition of Ethereum's long-term value and further strengthens its network security and governance stability.
Institutions Increase Holdings, Wall Street Funds Continue to Flow into ETH Spot ETF
Under the dual impetus of strong on-chain performance and the gradual compliance of the staking mechanism, a large amount of traditional financial capital is flowing into Ethereum through the Spot ETF channel. Market analyst CryptoBusy pointed out that the latest 13F filings show that several top financial institutions are actively establishing or expanding their ETH positions.
Among them, Goldman Sachs currently holds a position worth 721 million USD, equivalent to an increase of 160,072 ETH, making it a leading force in this round of institutional entry. Other quantitative and multi-strategy hedge funds such as Jane Street, Millennium Management, Schonfeld, and D.E. Shaw are also increasing their ETH allocation.
In addition, asset management companies including BlueCrest, Logan Stone, and Elequin HBK have simultaneously increased their positions. These trends collectively indicate that Ethereum is being incorporated into the balance sheets of mainstream financial institutions and is gradually becoming the "default infrastructure asset" in the cryptocurrency space.
Capital rotation begins, Bitcoin's dominance slightly declines
Driven by a series of favorable fundamental trends, funds are gradually rotating from Bitcoin to Ethereum and other assets. In August of this year, Bitcoin's market capitalization share has decreased from 60% to 57%. Although the change is not significant, it carries important implications—it may signify the market entering a new phase of asset allocation adjustment.
The SEC's recognition of liquid staking products is widely interpreted as a key precursor to the future launch of an "ETH ETF with staking functionality." If this product is successfully implemented, it will further lower the barrier for institutions to participate in Ethereum staking, solidifying its income-generating asset attributes.
ETH exchange platform inventory hits nearly 3-year low
According to data from CryptoQuant, since reaching a peak of approximately 28.8 million in September 2022, the ETH reserves on trading platforms have decreased by nearly 10.7 million coins. The current reserve is about 17.4 million ETH, with approximately 2.5 million ETH withdrawn from trading platforms in just the past three months.
Data shows that the Spot ETH ETF launched in July 2024 has attracted over $13 billion in net inflows to date. From June to August, these funds saw net inflows exceeding $10 billion, with a record $5.4 billion in just July.
Corporate bonds are also driving demand. In recent months, several publicly listed companies have announced the issuance of ETH bonds, and the companies' regular purchases have affected the supply of ETH on exchanges. It is known that 17 publicly listed companies hold ETH on their balance sheets, with a total holding of over 3.6 million ETH.
An analyst stated that the major appeal of ETH as a reserve asset lies in its yield potential. "Unlike Bitcoin, ETH is both a macro asset and a productivity asset; it generates yield through staking and has over $100 billion in tokenized assets in the L2 and DeFi sectors."
Conclusion
Ethereum is gaining increasing long-term favor from traditional financial institutions due to its high transaction processing capacity, maturing staking economy, and increasingly clear regulatory environment. From on-chain data to capital flows, multiple dimensions point to one trend: ETH is no longer just a medium of exchange, but also a value storage and yield-generating tool for institutional asset allocation. Its position as a core infrastructure of the crypto economy is becoming increasingly solid.