NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Ethereum Institutional Interest is Rapidly Growing; Here’s What On-Chain Data is Showing

Yashu Gola
Yashu Gola
4 years ago
2 mins read
Ethereum Institutional Interest is Rapidly Growing; Here's What On-Chain Data is Showing

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Ethereum is not getting flipped by Binance Smart Chain anytime sooner, shows on-chain indicators.

Blockchain analytics platform IntoTheBlock gathered data on Ethereum transactions with volumes greater than $100,000. The portal noted that the second-largest blockchain network processed $20.68 billion worth of transactions in the week ending April 11, leading to a record high volume transfer of $68.87 billion.

“These large transactions are representing over 77% of the daily on-chain volume,” it added.

Ethereum transaction volume in the US dollar. Source: IntoTheBlock
Ethereum transaction volume in the US dollar. Source: IntoTheBlock

Increasing volumes on a blockchain point to its growth as a public ledger. Meanwhile, transactions carrying a larger capital points to transfers between wealthy entities. They could be exchanges, wallet services, and even institutional investors.

The last few weeks have witnessed Ethereum walking out of the shadows of Bitcoin as an alternative cryptocurrency and creating a niche of its own among institutional entities. The biggest example among all was Visa’s first stablecoin transaction via USDC, a token built atop the Ethereum blockchain.

A report published by CoinShares also noted that ETH-based investment products attracted $4.2 billion worth of capital inflows in the first quarter. Meanwhile, Grayscale Investments, a New York-based crypto-focused investment firm, increased its Ethereum holdings from 2.94 million ETH at the start of this year to 3.17 million ETH this April 12.

Ethereum Supply Crisis

Market sentiment analytics portal Santiment noted that increasing demand from “whales” — entities that hold a larger amount of cryptocurrency wealth — led to a supply crisis in Ethereum markets. Now, wealthy investors hold 68 percent of the total ETH supply in circulation. On the other hand, the number of Ethereum wallets holding anywhere between 10-10,000 ETH dropped to its lowest since September 2017.

Ethereum price trades above $2,100. Source: ETHUSD on TradingView.com
Ethereum price trades above $2,100. Source: ETHUSD on TradingView.com

Santiment also noted constant ETH inflows into the liquidity pools of decentralized finance projects. It also noted declines in the amount of Ethereum tokens sitting inside exchange wallets. It pointed at a brewing supply crisis in the Ethereum market while its prices achieve a new historic high above $2,000.

“Another aspect that contributed to Ethereum‘s all-time this weekend was the fact that average fees have dropped back to a 5-week low,” added Santiment. “With fees back to an average of $11.08, this is the lowest since March 5th, allowing for an increased ETH utility.”

Ethereum transaction fees turns lower. Source: Santiment
Ethereum transaction fees turn lower. Source: Santiment

Some bottleneck catalysts continue to pressure Ethereum lower, such as the Binance Smart Chain’s increasing control over the blockchain space. Its native token BNB surged towards $650 on Monday, up more than 1,100 percent on a year-to-date timeframe.

Meanwhile, Ethereum’s extremely positive correlation with Bitcoin continues to pose risks to its decline under the top cryptocurrency’s influence. Bitcoin’s uptrend has paused near $60,000 against the prospect of a stronger US dollar.

Photo by Nick Chong on Unsplash 

Tweet123Share196ShareSend
Yashu Gola
Yashu Gola

Yashu Gola

Yashu Gola is a Mumbai-based finance journalist. He is profoundly active in the bitcoin space since 2014 – and has contributed to several cryptocurrency media outlets, including NewsBTC, FxDailyReport, Bitcoinist, and CCN.

Read more

Academically, Yashu holds a bachelor's in information technology, with majors in data structures and C++ programming language. He has also won the 'Atulya Award' for his efforts towards raising $100,000 for an India-based farming project.

Close

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum Price Stagnates as On-Chain Data Shows Whale Accumulation

Ethereum Price Stagnates as On-Chain Data Shows Whale Accumulation

Ethereum continues to exhibit limited upward price movement despite earlier gains last week. Over the past seven days, the asset...

Samuel Edyme 10 hours ago
Ethereum Price Pops Above $2,550

Ethereum Price Pops Above $2,550 — Can It Avoid a Quick Reversal?

Ethereum price started a fresh increase from the $2,375 zone. ETH is now back above $2,550 and struggling to clear...

Aayush Jindal 11 hours ago
Ethereum

The ‘MicroStrategy’ Of Ethereum Emerges: Tom Lee And Joe Lubin Raise $675M To Stack ETH

The ‘MicroStrategy’ of Ethereum has emerged, with Fundstrat’s Tom Lee and Joe Lubin making moves to advance their respective ETH...

Scott Matherson 22 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum Stagna: I Dati On-Chain Mostrano Accumulo da Parte delle Whale

clararosati 1 hour ago
Ethereum

Echoes Of 2020: Ethereum Signals Possible Bullish Rally After Reclaiming $2,600

Ronaldo Marquez 4 hours ago
Ethereum, ETH, Crypto

Ethereum Eyes Key Resistance As Price Reclaims $2,550 – Here Are The Levels To Watch

Rubmar Garcia 6 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ|SPX6900のように急成長が期待される最新ミームコインプレセール

    ...

    5 minutes ago
  • 新しい仮想通貨|注目のプレセールが7月7日ローンチ前に800万ドル突破間近

    ...

    17 minutes ago
  • 仮想通貨おすすめ|キャシー・ウッドが2200%の急騰を予測する注目の1銘柄

    ...

    27 minutes ago
  • XRPの600%急騰を的中させた暗号資産トレーダーが、次は0.1ドル未満のミームコインで100倍の上昇を予測

    ...

    47 minutes ago
  • A perfect combination! ETHRANSACTION three-coin joint...

    2 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.