- Almost a quarter of the entire ETH supply is locked in smart contracts
- ETHhub founder, Anthony Sassano says that it’s comparable to the 2016 DAO event
- The amount locked is worth $63 billion at the time of writing
Ethereum has never left the headlines ever since it reached a new all-time high back on May 12, 2021. Now, according to ETHhub Founder Anthony Sassano, the total amount of Ethereum supply locked is around 23 percent.
In a recent Tweet, he said that “the amount of ETH in smart contracts is now at a similar level to what it was during The DAO event (around 23% of all ETH).”
This chart is absolutely incredible.The amount of ETH in smart contracts is now at a similar level to what it was during The DAO event (around 23% of all ETH).
In June of 2016, that was ~$230 million worth of ETH.
Today, it is ~$63 billion worth of ETH.
This article was first published on coinquora.com