The supply of ETH on exchanges has sharply decreased from 12.31 million (July 2025) to 8.15 million, while Staking activity continues to increase.
Data shows that the trend of ETH withdrawals from exchanges occurs even when prices are sideways and market volatility is decreasing, reflecting the sustained Staking demand of investors.
- ETH on exchanges fell from 12.31 million to 8.15 million.
- Total ETH Stake have exceeded 36 million, representing approximately 29% of the circulating supply.
- The Staking queue has 3.6 million ETH, with an estimated waiting time of 63 days.
ETH was delisted from the exchange when the price moved sideways.
The supply of ETH on exchanges has been steadily decreasing during the sideways price movement, according to data from Santiment cited by Cointelegraph .
Santiment noted that the amount of ETH on exchanges peaked at 12.31 million ETH in July 2025, then steadily declined to 8.15 million ETH. This decline occurred amidst signs of easing market volatility.
Analysts believe the main support comes from the continued high demand for Staking , which is driving ETH off exchanges. As the amount of ETH held on exchanges decreases, the supply available for trading also shrinks accordingly.
Staking surged, queues lengthened.
The total amount of Ethereum currently being Staking has exceeded 36 million ETH, equivalent to approximately 29% of the circulating supply.
The demand for Stake shows no signs of slowing down: there are currently an additional 3.6 million ETH waiting in the Staking queue, with an estimated waiting time of around 63 days. This figure demonstrates the level of competition to participate in Staking at the moment.
Some large holders also continued to increase their positions and Staking. For example, Bitmine Stake over 2.5 million ETH, equivalent to approximately 61% of the total ETH held by the institution.
