Overview

In this dashboard, I will answer this question from Flipside Crypto:

• Explore trends in exchange withdrawal (specifically, moving money from CEX addresses onto the chain) patterns over the last 6 months.
• Have those withdrawals increased?
• Has the typical size of them changed?
•  Most important: are people creating new wallets to take custody of their CeFi deposits?
• Also have a look at what people do after a withdrawal: are they holding their withdrawn tokens? Or are they fiat-on-ramping so they can swap, provide liquidity, buy NFTs, etc. \n

Conclusion

• On 12 May, Cexs experienced most number of daily withdrawal number by nearby 140k on Ethereum Mainnet and on Polygon Network on 12 July and 9 Aug with nearby 3.1K.
• On 13 Jun Cexs experienced most amount withdrawal per week.
• All of Destination wallets were old wallets nearby 154M wallets received fund from Cexs.