Staked Ether Doubles Since Beginning Of 2023, Crosses 20 Million ETH Mark!
In a significant milestone for the Ethereum network, the total value of staked Ether has reached 20 million ETH. This means that currently, with ETH priced at $1,880, over $38 billion worth of ETH tokens have been staked to secure the largest altcoin network by market cap.
The milestone of 20 million ETH staked underscores the rising popularity of Ethereum staking as an investment strategy. Staking involves locking up ETH as collateral to support the network’s operations and validate transactions. In return, stakers receive rewards in the form of additional ETH. With the Ethereum 2.0 upgrade, staking has become crucial in ensuring the network’s security and scalability.
