Santiment: More than 33% of ether is staked

Analysts said that figure has more than tripled from about 10.9% of coins held in the ETH2 Beacon escrow contract two years ago. Now its assets exceed $140 billion.

The amount of ether being staked in Ethereum 2.0 is growing as more users commit funds to become validators. They lock up their ETH to protect the network using a new Proof-of-Stake (PoS) consensus algorithm. In return, they receive rewards for staking, while ETH remains a deflationary cryptocurrency since the upgrade meant burning some of the ether when paying transaction fees.

Analysts also noted changes in the storage of esters. Over the past two years, wallets containing more than 10 million ETH in the Beacon deposit contract have increased their share by 23%. Currently, long-term Ether investors own about 78% of the coins in circulation. This means that users holding their ether for longer than a year now control the majority of the issued ETH.

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