The shrinking supply comes as new channels for Ether exposure have gained traction. Spot ETH exchange-traded funds (ETFs), launched in July 2024, have since attracted net inflows of more than $13 billion, according to CoinGlass data. Between June and August, the funds pulled in over $10 billion in net inflows, led by a record $5.4 billion in July alone. Corporate treasuries are also driving demand. Several publicly traded companies have announced ETH treasuries over the past few months, with regular corporate purchases affecting the token's supply on exchanges.
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Another strategy is to simultaneously attract users and drive up the price of the token (if a large number of players are losing money, staking and burning will accelerate the reduction of circulating tokens). Asset innovation is an eternal theme. Building liquidity for new assets and establishing exchanges will always be the best path forward, both in terms of ceiling and potential, and both are worth studying and early involvement.
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Parity has published an update to Polkadot Hub development - “Parity has basically deprioritized all other technical work at Parity (except for Asset Hub migration) so that we can deliver a 100% EVM compatible solution before the Dec holidays”. Harbour Industrial Capital invested $1.2M in Mandala Chain, Kylix Finance, Xcavate, and Hyperbridge through HIC Fund II.
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