{"id":59532,"date":"2025-11-20T16:16:32","date_gmt":"2025-11-20T16:16:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=59532"},"modified":"2025-11-20T16:16:32","modified_gmt":"2025-11-20T16:16:32","slug":"bitcoin-loses-ground-as-ethereum-takes-the-lead-in-this-major-metric","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=59532","title":{"rendered":"Bitcoin Loses Ground As Ethereum Takes The Lead In This Major Metric"},"content":{"rendered":"
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Despite the ongoing bearish action of the market, Ethereum<\/a> is showing signs of strength in some areas. In a significant landmark, the leading altcoin has surpassed Bitcoin, the largest digital asset, in a key metric that has defined industry strength.<\/p>\n

Ethereum Is Dominating An Important Metric<\/h2>\n

A recent report<\/a> from Leon Waidmann, a market expert and head of On-Chain Foundation, reveals that Ethereum is dominating a crucial metric over Bitcoin. The recent flip highlights ETH\u2019s growing momentum, probably fueled by its maturing ecosystem, rising institutional attention, and increasing network activity.<\/p>\n

According to the market expert, Ethereum has overtaken Bitcoin<\/a> in one of the most closely watched adoption metrics in the sector: the share of total supply held by Digital Asset Treasuries (DATs). As more corporate treasuries, investment companies, and blockchain-native businesses choose to retain ETH rather than BTC, the market is starting to reflect a new narrative.<\/p>\n

\"Ethereum\"<\/p>\n

Data shows that ETH treasury companies<\/a> currently hold 4.3% of the total supply, which is higher than that of BTC at 3.6%. ETH\u2019s surpassing BTC in this metric underscores a growing moment where the foundational role of Ethereum in the cryptocurrency ecosystem is translating into real, quantifiable institutional preference.<\/p>\n

In the expert\u2019s view, the surprising flip is completely logical. This is because ETH has more stakeholders with actual operational demands compared to Bitcoin<\/a>. These include layer 2s, DeFi protocols, DAOs, Foundations, treasury companies, government experimenting with on-chain infrastructure, and countless web3 projects being built on Ethereum. Should this current trend continue to expand, Waidmann also foresees major stablecoin issuers showing interest in holding a strategic stake in the blockchain.\u00a0<\/p>\n

Engagement Across The Leading Blockchain Is Decreasing<\/h2>\n

Since the recent pullback in ETH\u2019s price, there has been a steady decline in activity across the network<\/a>, an uncommon change for an ecosystem that usually leads the market in long-term activity. Waidmann reported<\/a> that the weekly active wallet addresses in the ETH ecosystem have cooled down after months of heightened engagement.<\/p>\n

As seen on the Ethereum Weekly Engagement chart, the number of active ETH wallet addresses is at over 8.2 million, falling from a peak of 20 million in June 2025. This decrease indicates a brief slowdown in user engagement with DeFi, NFTs, and on-chain transactions<\/a>.<\/p>\n

Presently, activity across the network has declined by more than 60%, and layer 2 interaction continues to hold. However, the overall usage of the ecosystem is clearly in a downward trend. Waidmann stated that this sharp drop is probably related to a cooling down in airdrop-farming activities throughout Layer 2s.<\/p>\n

A significant portion of ETH is currently being withdrawn from crypto exchanges, signaling renewed conviction in the altcoin\u2019s price prospects. ETH is being accumulated at a substantial rate<\/a>. Over the past 30 days, 700,000 ETH have been moved out of exchanges. Merlijn The Trader noted<\/a> that this kind of supply shock never appears to be bullish until the chart catches up.\u00a0<\/p>\n

\"Ethereum\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Despite the ongoing bearish action of the market, Ethereum is showing signs of strength in some areas. In a significant landmark, the leading altcoin has surpassed Bitcoin, the largest digital asset, in a key metric that has defined industry strength. Ethereum Is Dominating An Important Metric A recent report from Leon Waidmann, a market expert […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-59532","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59532"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59532\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}