According to CryptoPotato, Ethereum staking has reached an important milestone, accounting for about 25% of the entire ETH supply, equivalent to about 30 million tokens. Meanwhile, the price of ETH has risen by 2.8% in the past day and is trading at $2,425. On February 8, Lido, a well-known liquid staking platform, said that more than 30 million ETH have been staked, accounting for a quarter of Ethereum's circulating supply. According to Dune Analytics, Lido has a 31.5% share of the staking Ethereum market. The total value of staked ETH is about $73 billion, and nearly 1 million validators contribute to network security. In the past two weeks, the growth of staking deposits has been obvious, indicating that Ethereum staking activity and interest have intensified. Nansen, another blockchain analysis company, confirmed the data of 30 million ETH being staked and observed that there is almost no unstaking queue. This shows that the confidence of holders is strong, with only 176,686 ETH (less than 0.6% of the total staked) waiting to be withdrawn. The company also reported that there are 940,563 validators strengthening the network security. Ultrasound.Money offers a slightly lower number of staked ETH at 29.8 million, but reveals a lot about the state of the Ethereum economy. Since the September 2022 merger, the Ethereum supply has decreased by 344,960 ETH, resulting in nearly $840 million in deflation. This deflationary trend is further reflected in the annual inflation rate of -0.57%, with 4,288 ETH burned in the past 24 hours, worth about $10 million. Meanwhile, the announcement of the staking milestone has been positively received in the Ethereum market. Over the past week, ETH price performance has risen by 7.1%, and despite facing resistance levels, it is still below the peak of January 2024. Ethereum is trading at half of its all-time high price set in November 2021. However, the emergence of the staking and re-staking narrative provides an opportunity to bridge this gap. Restaking, which allows users to stake ETH on multiple protocols, is gaining momentum. The introduction of the restaking token category by CoinGecko, currently valued at around $300 million, highlights this trend. Significant price increases for restaking tokens such as Pendle Finance and Picasso, as well as the success of platforms such as EigenLayer, highlight the growing interest in the Ethereum staking ecosystem.