The number of freely available ETH tokens is declining, and increasing bid offers are limiting supply.
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The number of freely available #ETH tokens is declining, and increasing bid offers are limiting supply.
ETH deflation is intensifying and the supply of 120 million tokens has leveled off.
A growing number of organizations are offering staking services for small investors who lack 32 ETH to create validator nodes.
With just over 72% of #ЛюбимыйТокен (ETH) tokens freely available, growth in staking contributions has accelerated in recent months. Liquid re-staking is the biggest driver of blockchain tokens in 2024.
Staking in Ethereum has accelerated based on 32-ETH deposits to the underlying smartcoin. Based on deposits and withdrawals, it appears that approximately 27.5% of the total ETH is currently staked, with only 72.5% remaining. Some of the remaining tokens are held in long-term wallets or other vaults or protocols and may be illiquid.
As of June 17, more than 91% of deposited ETH was in the money. The largest deposits were in the $1,600 and $1,900 price range.
The Ethereum network shifted to net deposits in June, and gross deposits have come to dominate; major centralized exchanges such as Coinbase, #Binance , and Kraken are among those betting on ETH. In addition, there are also betting deposits from major liquid betting protocols such as Lido DAO.
Read also: Grayscale holds eth tokens at a discount: will the portfolio survive ethereum etf cancellation?
Deposit contract Beacon reports that a total of 46.3 million ETH has been placed. The portion of the blockchain offering now exceeds the amount allocated by the Ethereum Foundation (an estimated 2.9 million tokens); the ETH supply is unevenly distributed, with about 40% of the original 60 million tokens reserved for sale in the ICO.
The proof-of-stake process creates 2,622 new ETH every day.
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