[Ether On-Chain] USDC and ENA See Concentrated Movements… ETH Maintains High Valuation

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On the Ethereum network, the on-chain movement of USDC and ENA is becoming prominent. Among Ethereum-based assets, only ETH has maintained a high valuation status.

According to Upbit Data Lab as of 3:40 PM on August 4, 2025, out of 103 listed Ethereum-based assets, 52 and 50 assets are located in the undervalued or neutral ranges respectively, while only 1 asset is in the overvalued category.

Extremely Undervalued ▲RLY ▲YGG ▲QTCON ▲LRC
Undervalued ▲RAD ▲APE ▲SNX ▲SAFE ▲GTC
Neutral ▲ENA ▲Pendle ▲MNT ▲SYRUP ▲Aave
Overvalued ▲ETH

The average on-chain premium of the Ethereum network is -1.34%, slightly increasing by 0.12 percentage points compared to the previous day. It remains in a reverse premium state where blockchain trading prices are lower than centralized exchanges, indicating a predominant on-chain selling trend.

Premium Items ▲KERNEL (+2.50%) ▲FORT (+1.85%) ▲AUDIO (+1.61%) ▲Ankr (+1.41%) ▲SKY (+1.31%)
Reverse Premium Items ▲RSR (–5.02%) ▲JASMY (–4.92%) ▲NMR (–1.90%) ▲YGG (–1.22%) ▲MAGIC (–1.07%)

The transfer activity of blockchain-based assets is generally slowing down. A total of 73 assets fell below the 30-day average daily transfer count, significantly more than the 35 assets that exceeded it. This suggests a decline in short-term market vitality and a contraction in on-chain liquidity flow.

Very Low ▲PUNDIAI ▲ERA ▲PUNDIX ▲CBK ▲STRIKE
Low ▲BLUR ▲1INCH ▲RLC ▲NMR ▲API3
Neutral ▲OCEAN ▲Pendle ▲CRV ▲TOKAMAK ▲G
High ▲MAGIC
Very High ▲Orbs ▲EPT

Ethereum Asset On-chain Trends

Most Deposits to Disclosed Exchange Wallets ▲USDC (10.449 billion won) ▲ETH (2.075 billion won) ▲CRV (1.043 billion won) ▲Polygon (MATIC/System Token, 832 million won) ▲UNI (664 million won)

Most Deposits to Top Ethereum Wallets ▲ETH (60.932 billion won) ▲ENA (6.110 billion won) ▲Aave (1.472 billion won) ▲AKRA (712 million won) ▲COMP (486 million won)

Largest Holdings in Top Ethereum Wallets ▲ETH (153.25 trillion won) ▲USDT (15.07 trillion won) ▲USDC (2.38 trillion won) ▲SHIB (2.14 trillion won) ▲LINK (1.46 trillion won)

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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