{"id":204646,"date":"2023-12-02T00:47:45","date_gmt":"2023-12-01T19:17:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=204646"},"modified":"2023-12-02T00:47:45","modified_gmt":"2023-12-01T19:17:45","slug":"ethereum-now-has-more-hodlers-than-bitcoin-thanks-to-staking-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-now-has-more-hodlers-than-bitcoin-thanks-to-staking-crypto-news\/","title":{"rendered":"Ethereum Now Has More &#8220;Hodlers&#8221; Than Bitcoin Thanks to Staking &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>ETH held by addresses for longer than 12 months is at the highest since at least 2018, with the ratio surpassing Bitcoin&#8217;s for the first time ever.<\/p>\n<div>\n<p>Ethereum staking is minting a record amount of &#8220;hodlers,&#8221; with the ratio of long-term owners surpassing Bitcoin&#8217;s.<\/p>\n<p>ETH held by addresses for longer than 12 months &#8212; or what <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/app.intotheblock.com\/perspectives\/l1_comparison\">IntoTheBlock<\/a> calls the &#8220;Hodler Ratio&#8221;&#8211; is at almost 72% of total ETH holders, the highest since at least October 2018, the data show. <\/p>\n<p>Ethereum&#8217;s &#8220;Hodler Ratio&#8221; crossed Bitcoin&#8217;s in October, after surpassing it for the first time ever in August.<\/p>\n<p>Long-term investors are important for the health of a Layer 1 chain. So-called &#8220;hodlers&#8221; provide stability and mitigate market volatility as they are less likely to sell in response to short-term market fluctuations. <\/p>\n<figure><figcaption class=\"text-center text-xs\">Hodler Ratio<\/figcaption><\/figure>\n<p>Ethereum beating Bitcoin &#8220;hodlers&#8221; comes even as Bitcoin long-term investors increase. The Bitcoin ecosystem is observing the largest disparity on record between its long-term and short-term holders, according to Glassnode.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/disparity-between-bitcoin-hodlers-and-daytraders-hits-record\"><strong>Read More: Disparity Between Bitcoin HODLers and Daytraders Hits Record<\/strong><\/a><\/p>\n<h2>Staking Rewards<\/h2>\n<p>Ethereum&#8217;s staking rewards are incentivizing ETH holders to own the chain&#8217;s native currency for longer and to accumulate more of it. <\/p>\n<p>&#8220;The increase [of long-term holders] is most likely related to the growth in staking this year,&#8221; said Lucas Outumuro, head of research at IntoTheBlock. <\/p>\n<p>The amount of ETH staked has nearly doubled in 2023 with about 24% of all supply being staked, Outumuro said. The average duration of funds held there is over one year, so this drives the &#8220;Hodler Ratio&#8221; higher, he said.<\/p>\n<div class=\"relative flex items-center gap-2 rounded-md bg-[#191919] p-2 my-4 lg:hidden\">\n<div class=\"relative group  flex w-max items-center gap-2  p-2 text-sm text-white mx-auto\"><strong class=\"whitespace-nowrap w-min sm:w-auto bg-gradient-to-r from-[#9FF9D2] to-[#DB9FF9] bg-clip-text text-transparent\">DeFi Alpha<\/strong><span class=\"whitespace-nowrap  w-min sm:w-auto border-l border-white pl-1 lg:hidden\">Premium Content<\/span><\/p>\n<div class=\"tooltip font-heading shadow-cta absolute hidden lg:visible left-6 z-10 -top-[80px] w-max max-w-xs translate-y-full flex-col rounded-lg bg-[#EEEEF4] p-3 text-left text-xs text-black group-hover:flex lg:left-auto lg:right-4\">Looking for Alpha? Become a premium member of The Defiant and join our DeFi Alpha community.<\/p>\n<ul class=\"list-inside list-disc\">\n<li>DeFi Daily | Weekdays<\/li>\n<li>DeFi Alpha Letter | Weekly<\/li>\n<li>Defiant Podcast Transcript | Weekly<\/li>\n<li>Inbox Dump | Saturday<\/li>\n<li>Weekly Recap | Sunday<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/thedefiant.io\/go-premium#pricing\" class=\"disabled:bg-cta-disabled-background disabled:text-cta-disabled-text rounded font-semibold border-cta-primary-border bg-cta-primary-background text-cta-primary-text hover:border-cta-primary-border-hover hover:bg-cta-primary-background-hover ml-auto block p-2 text-center text-sm !text-black !no-underline shadow-newButton\">Start for free<\/a><\/div>\n<p>Ethereum&#8217;s annualized staking rewards rate currently sits at 4.39%, according to stakingrewards.com. The rate is equivalent to the network&#8217;s &#8220;risk free&#8221; rate, analogous to the yield on a 10-year U.S. Treasury note.<\/p>\n<h2>Ethereum Whales<\/h2>\n<p>Ethereum whales are also on the rise, though that number is more nuanced. Addresses owning more than 1% of the circulating ETH supply increased by 12 percentage points this year to 34.6%, according to IntoTheBlock. But the number includes staking contracts, which include many individual holders.<\/p>\n<p>Out of eight Layer 1 chains tracked, only Ethereum and Cardano whales increased this year relative to the rest of holders, while whales in chains including Bitcoin and Avalanche declined.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ETH held by addresses for longer than 12 months is at the highest since at least 2018, with the ratio surpassing Bitcoin&#8217;s for the first time ever. Ethereum staking is minting a record amount of &#8220;hodlers,&#8221; with the ratio of long-term owners surpassing Bitcoin&#8217;s. ETH held by addresses for longer than 12 months &#8212; or [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":204647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-204646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=204646"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204646\/revisions"}],"predecessor-version":[{"id":204648,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/204646\/revisions\/204648"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/204647"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=204646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=204646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=204646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}