Smart Contracts Account for Almost 23% of Ethereum (ETH) Supply
Smart Contracts Account for Almost 23% of Ethereum (ETH) Supply Last Updated: 12 May 2021 Ethereum (ETH) has surged in value by over 400% since January 2021 and the main reason is the popularity of DeFi protocols, with a growing portion of ETH supply committed to the sector. Glassnode, a leading on-chain analytics company, has published a report analysing smart contracts on Ethereum. It shows that smart contracts currently hold 22.8% of the total ETH supply. This percentage increased from 16%. Furthermore, the supply of Ethereum on leading crypto exchanges has sharply decl...
Source: insidebitcoins.com