Ethereum Takes the Spotlight: Is Bitcoin Taking a Backseat?
Ethereum Rises While Bitcoin Stumbles
Well, well, well! In the rollercoaster world of crypto, it looks like Ethereum is strutting its stuff while Bitcoin is trying to catch its breath. Even with the bears having a party in the market, Ethereum is flexing some muscle and has officially left Bitcoin in the dust in a crucial area that measures who’s really in charge.
The Metric Showdown
So, here’s the juicy scoop: a report from a market wizard, Leon Waidmann, spills the beans that Ethereum has muscled past Bitcoin in one of the most watched metrics in the crypto circus: the share of total supply held by Digital Asset Treasuries (DATs). Yep, you heard that right! All those corporate treasuries, investment firms, and blockchain companies are jumping on the ETH train instead of sticking with the BTC baggage.
What’s the Big Deal?
Here’s the tea: Data reveals that companies holding ETH are now clutching onto 4.3% of the total supply, leaving Bitcoin trailing at 3.6%. This flip-flop isn’t just a casual change; it’s a sign that more folks are seeing Ethereum as the utility king in the crypto realm, making it an institutional favorite. Go Ethereum!
Why the Shift?
According to our friendly neighborhood expert, Waidmann, this shift totally makes sense. Ethereum boasts a larger crowd of stakeholders with serious operational needs compared to its older sibling, Bitcoin. We’re talking about layer 2 operations, DeFi protocols, DAOs, your mom’s favorite NFT marketplace…you name it! And if this trend keeps trucking along, don’t be surprised if major stablecoin players come knocking on Ethereum’s door for a piece of the action.
A Slow Down… Kinda
Now, let’s keep it real. Since ETH’s recent price slide, there’s been a bit of a slowdown in network activity, which isn’t typical for an ecosystem usually bursting with life. Our friend Waidmann noted that the cool down in weekly active wallet addresses—hitting just over 8.2 million—marked a drop from a dizzying peak of 20 million back in June 2025. It seems people are taking a breather from all the DeFi craziness, NFTs, and those on-chain shenanigans.
What’s Next for ETH?
The drop in active users signifies a notable shift, with the overall engagement across the Ethereum network down by more than 60%. It looks like the wild airdrop farming frenzy on Layer 2s may have hit the brakes. But don’t write Ethereum off just yet! A bunch of ETH is being pulled from exchanges, which suggests the believers still have faith in its price potential. In fact, in just the last 30 days, a whopping 700,000 ETH has been whisked away from exchanges. Talk about a supply shock!
Final Thoughts
As our crypto journey continues, one thing’s crystal clear: Ethereum is making some serious waves, and Bitcoin might have some catching up to do. With all this shifting around, who knows what the future holds? Buckle up, crypto fans!