According to @glassnode, Ethereum’s Total Fees Paid per Day on the 90-day SMA have fallen below 300 ETH per day since early November, marking the lowest level since July 2017, which signals subdued on-chain demand relative to recent years. source: Glassnode glassno.de/4piYWqq Under EIP-1559, the base fee portion of transaction fees is burned, so lower total fees mechanically translate into a lower ETH burn rate. source: Ethereum.org ethereum.org/en/developers/docs/gas A lower burn rate reduces deflationary pressure on ETH supply and increases the likelihood of net positive issuance when burn falls below staking issuance, a key input for traders tracking ETH supply dynamics. source: Ethereum.org ethereum.org/en/roadmap/merge Validator fee income from priority tips contracts when network fees decline, which can compress staking rewards derived from tips and MEV, an important consideration for yield-focused ETH strategies. source: Ethereum.org ethereum.org/en/roadmap/merge

According to @KookCapitalLLC, 826,000 ETH is currently in Ethereum's unstaking queue, indicating a sizable backlog of pending validator exits, source: @KookCapitalLLC. Ethereum processes validator exits under a protocol churn limit that restricts how many validators can withdraw per epoch, meaning large queues are cleared progressively over multiple days rather than instantly, source: Ethereum.org. Longer exit queues can extend redemption times for liquid staking tokens and staking providers, impacting LST liquidity profiles and withdrawal wait times, source: Lido Docs. On-chain market participants track staking inflows and outflows as inputs for near-term ETH supply dynamics and liquidity monitoring, source: Glassnode.

According to @EmberCN, an Ethereum (ETH) reserve institution address accumulated an additional 15,846 ETH worth $55.34 million seven hours ago, which was immediately deposited into Proof-of-Stake (PoS) staking through Figment_io. The institution has been acquiring ETH via an institutional trading platform since August 1, with total holdings now reaching 41,452 ETH (valued at $148 million) at an average price of $3,575 per ETH. All received ETH has been staked, indicating strong institutional confidence in ETH's long-term value and anticipated staking rewards (Source: @EmberCN). These substantial inflows and staking actions may contribute to reduced ETH supply on exchanges, potentially impacting short-term liquidity and price dynamics.