On-chain flow

Exchange reserves

The standing balance of stablecoins or coins held in exchange wallets.

Exchange reserves are the total balance of an asset (often USDT and USDC) sitting in an exchange's known wallets at a point in time. Growing stablecoin reserves mean more buying power staged on that venue; shrinking reserves mean less. Sóng reads USDT/USDC reserves across ETH, Base and Arbitrum from public on-chain data.

Educational content, not financial advice.