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Ethereum Staking Surges to Nearly One-Third of Supply

Investor confidence in Ethereum grows as staking reaches 28.9% of total supply, reflecting long-term commitment and optimism within the community.

1 min 15 secOctober 8, 2024

Highlights:

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28.9% of ETH supply now staked, up from 23.8% in January.

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15.3% of staked ETH held for over three years, showing loyalty.

Ethereum Staking Surges to Nearly One-Third of Supply

Nearly a third of all Ethereum (ETH) is now staked, reflecting a significant increase in investor confidence in the asset. According to data from IntoTheBlock, 28.9% of the total ETH supply is currently locked in staking, up from 23.8% at the beginning of the year. This surge in staking activity highlights the growing loyalty among ETH holders, as many opt to participate in securing the network while earning rewards.

 

 

Additionally, 15.3% of staked ETH has been held for over three years, indicating a strong commitment to Ethereum's long-term potential. The increase in staking can be attributed to the successful implementation of the Shapella upgrade, which allowed users to withdraw their staked assets, thereby reducing perceived risks and enhancing flexibility.

 

 

As of now, approximately 33.8 million ETH is staked, representing a substantial investment in Ethereum's Proof-of-Stake network. This trend not only underscores the community's confidence but also positions Ethereum as a more secure and attractive option for investors amid fluctuating market conditions. With these developments, Ethereum continues to solidify its standing as a leading player in the cryptocurrency space.

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