Coinbase and Binance see $700M in net outflows in under a month, while DEX experiences net inflows

• In less than a month, net outflows from Coinbase and Binance were about $700 million
• But DEX is seeing net inflows
• With liquid-staking outperforming decentralized protocols in TVL

Dune Analytics reported net ETH outflows on Coinbase and Binance since April 12 were $367 million and $340 million respectively..

Users more often choose DEX for staking due to regulatory pressure and in the pursuit of higher deposit returns.

In turn, the volume of blocked ETH in the accounts of decentralized protocols Frax Finance and Rocket Pool increased by $56 million and $68 million respectively..

Such platforms are less vulnerable to sanctions by the authorities.. The exchange was forced to suspend U.S. steaking programs and also paid a hefty fine.

The total net inflows from steaking programs rose after Shapella’s update.

Contrary to the fears, the ETH exchange rate remained unchanged after Stackers had the opportunity to withdraw funds. Which coincides with the prediction we made in this article.