Coinbase Research Head: Digital asset vault has entered the PvP stage, and the proportion of BTC and ETH positions has increased

PANews September 11th news, David Duong, head of Coinbase research, said that the current digital asset vault (DAT) has entered the "player-to-player" competition stage, the early scarcity premium has faded, and the market's requirements for execution and differentiation have increased. The holdings of BTC exclusive DATs have exceeded 1 million, accounting for about 5% of the circulation; the holdings of ETH exclusive DATs are about 4.9 million, valued at about 21.3 billion US dollars, accounting for more than 4% of the circulation. Early participants such as MicroStrategy received a net asset premium, but as competition intensifies and regulatory constraints, the premium has narrowed.