Ethereum Staked Nears All-Time High, Accounting for 27.7% of Total Supply

According to Wu, CryptoQuant data shows that about 33 million ETH are currently staked, accounting for 27.7% of the total supply. Although the supply of Ethereum has increased, its inflation trend can be slowed down by staking and destroying transaction fees. In addition, about 40% of the Ethereum supply is locked and not actively traded in the market. With the possibility of Ethereum ETF approval in the United States approaching 90%, the amount of Ethereum staked is close to a record high.