Ethereum contract holdings have soared past $14 billion, marking a 2 years high.
Prominent exchanges such as Binance, Bybit, and OKX boast significant holdings.
The crypto market continues its potent shifts as Ethereum (ETH) contract holdings surpass a notable landmark. According to recent data from Coinglass, the total value of ETH held in contracts has exceeded $14 billion, reaching a new record high since November 2022. This marks a significant moment for the Ethereum ecosystem, reflecting the growing adoption and utilization of the platform’s smart contract capabilities. However, the amount of ETH contracts held is still below the peak in 2022.
Breaking the ETH Holdings by Major Exchanges
The report reveals that leading cryptocurrency exchanges have played a pivotal role in driving this surge, with notable contributions from industry giants such as Binance, Bybit, and OKX.
Binance accounted for approximately $5.5 billion of the total ETH contract holdings, follow
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