Ethereum Supply on Exchanges Hits Lowest Level Since 2025: What Does It Mean?
The supply of Ethereum (ETH) on exchanges has plummeted to a level not seen in years, sparking debate and analysis within the crypto community. According to Santiment, Ethereum supply on exchanges has decreased to 8.97 million, marking the lowest level since November 2025.
Ethereum's Exchange Supply Plunges
Ethereum’s exchange supply has plunged to its lowest since 2025, with just 8.97M ETH remaining. This significant drop in available ETH on centralized exchanges has multiple implications for the market. The number of ether (ETH) held in wallets tied to centralized exchanges has dropped to an over nine-year low of 8.97 million tokens, according to data tracked by.
The Numbers: 8.97 Million ETH
On March 20, the analysis platform Santiment revealed a key figure: the supply of Ether available on crypto exchanges has fallen to 8.97 million ETH. This is a significant indicator of market trends. The available Ethereum supply on centralized exchanges has fallen to its lowest point since November 2025 with only 8.97 million ETH out there. This drop indicates a shift in how investors are utilizing their ETH.
Why is Ethereum Leaving Exchanges?
This trend is attributed to the growing popularity of decentralized finance (DeFi) and staking mechanisms. As DeFi and staking lock up more tokens, liquidity tightens. Ethereum’s supply on crypto exchanges has fallen to its lowest level since November 2025, with just 8.97 million ETH now available on trading platforms. This represents a notable shift in the crypto landscape.
Impact on Ethereum Price and Market Dynamics
The supply of Ethereum on exchanges has dropped to 8.97 million ETH, the lowest since November 2025. This decrease coincides with a 45% decline in Ethereum's price.