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What is SoV-Utility Hybrid? - SoV (Store of Value) = held long-term like digital gold, not spent frequently 🔒💎



- #Utility = actively used in protocols for staking, lending, collateral 🔺⚡️

- Hybrid = $ETH does both - saved AND productively deployed 📊💪, $ETH operates as SoV-utility hybrid with 53% held ≥1 year showing strong holding behavior 📈💥. Movement comes from stake rotations and collateral shifts, not spending, daily turnover at 1.34% proves productive role without monetary velocity 🎯⚡️. Productive float at 16.0% from #liquid staking, restaking and onchain collateral shows sizable rehypothecation 🔴📊. Anchored float structurally large at 25.1% driven by native staking and ETFs, while exchange supply fell sharply to 11% 📉💪. Result: Moderate hoarding + productive encumbrance + large anchored base = $ETH used as #utility asset with store-of-value characteristics 👀💵⚡️

#crypto
ETH4.11%
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