The amount of Ethereum held in self-custody and away from exchanges has reached an all-time high, marking a significant increase in confidence from hodlers. This trend is especially significant when we consider that Ethereum was introduced nearly 8 years ago, making this the highest level of self-custody that the token has seen in its entire history.

One potential reason for this growing confidence is the strength of the Ethereum network itself, as it has established itself as the leading platform for decentralized applications (dApps), enabling developers to create a wide range of innovative and valuable applications on top of its blockchain.