{"id":89600,"date":"2020-10-15T08:03:40","date_gmt":"2020-10-15T05:03:40","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/more-than-half-of-all-ethereum-hasnt-moved-in-12-months\/"},"modified":"2020-10-15T08:03:40","modified_gmt":"2020-10-15T05:03:40","slug":"more-than-half-of-all-ethereum-hasnt-moved-in-12-months","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/more-than-half-of-all-ethereum-hasnt-moved-in-12-months\/","title":{"rendered":"# More than half of all Ethereum hasn’t moved in 12 months"},"content":{"rendered":"

“# More than half of all Ethereum hasn’t moved in 12 months <\/strong>”<\/p>\n

More than half of Ethereum\u2019s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months.<\/p>\n

According to Glassnode\u2019s \u2018hodlwaves,\u2019 which offers a chronological breakdown of the velocity of on-chain transactions, roughly 28% of Ether last moved between the past 12 and 24 months \u2014 comprising the largest segment of on-chain activity.<\/p>\n

Ethereum hodlwaves: Glassnode<\/a><\/figcaption><\/figure>\n

The data suggests that many whales spent 2019 accumulating Ether in advance of the project\u2019s ETH 2.0 overhaul \u2014 for which phase 0 is expected to commence in the coming months, allowing users to stake their Ether for the first time.\u00a0<\/p>\n

Around 20% of tokens have not moved since before October 2017, with analysts watching to see if a percentage of these coins are moved into staking with the roll-out of phase 0.<\/p>\n

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~60% of all ETH hasn’t moved in 1+ years.<\/p>\n

With eth2 phase 0 app<\/a>roaching, it’ll be interesting to see how much this percentage comes down by as Ethereum OG’s move their stash into staking.<\/p>\n

I’m particularly curious to see if any of the coins in the 5+ years category move pic.twitter.com\/9H38dYAHDq<\/a><\/p>\n

\u2014 Anthony Sassano | sassal.eth \u26fd (@sassal0x) October 14, 2020<\/a><\/p><\/blockquote>\n

Phase 0\u2019s coming launch appears to have sparked a recent increase in the short-term velocity of on-chain transfers, with the share of Ether moved in the past 24 hours increasing from less than 0.5% during January and February to average more than 1% in early September.\u00a0<\/p>\n

Weekly velocity also increased from 1.5% at the start of the year to tag 5% in both July and September, while monthly and quarterly transfers similarly increased steadily since June.<\/p>\n

By contrast, Bitcoin<\/a>\u2019s short-term on-chain velocity has largely declined since the pre-halving hype and \u2018Black Thursday\u2019 crash of early 2020, with weekly transfers sliding from nearly 6% of supply in February to between 3.5% and 4% in September.<\/p>\n<\/div>\n