Ethereum Faces Dilution Risk as $135B Treasury Boom Grows: VanEck
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最新报道：Digital asset treasuries have surged to $135 billion in holdings, but VanEck warns Ethereum investors of increasing dilution risks for non-stakers as the network shifts from fee-based yields to a monetary asset framework. With declining Layer 1 fees and the upcoming Fusaka upgrade boosting scalability, passive ETH holders may see their share shrink while stakers benefit. Despite concerns, institutional accumulation continues, with entities like Bitmine holding 1.95 million ETH worth $8.66 billion, and corporate acquisitions now account for 3.1% of Ethereum's supply.
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