Although ETH’s price has dropped by 30% since March, the amount of staked ETH has grown by 2%, contributing approximately $7 billion in value and diverging from the overall price trend.
The upward trajectory began around September 2023, starting at just above 18%, and has continued to rise through various market conditions, showing resilience despite any volatility in ETH’s price. This suggests that a growing number of participants are choosing to stake their ETH, likely due to the incentives provided by Ethereum’s proof-of-stake consensus mechanism.
