GREAT DEVELOPMENTS CONTINUE FOR ETHEREUM!

According to data, more than 32 million $ETH are locked for staking. This is 27% of the total supply of ETH. At current prices, this is equivalent to $121 billion.

Such great interest in Ethereum's staking mechanism reflects confidence in the security of the network. The Proof of Stake system that #Ethereum 2.0 will bring can make these investments even more attractive with lower energy consumption and faster transaction capacity.

This large amount of staking could allow the Ethereum network to further decentralize and strengthen. Additionally, having such a large amount locked could reduce the amount of ETH circulating in the market, putting upward pressure on the price.