Ethereum Staking Boom: Over 25% of #ETH Now Locked Up! Hold onto your crypto hats! A major milestone has been reached in the Ethereum ecosystem as over 25% of the total ETH supply is now staked. This means that more than 30 million ETH, representing roughly $75 billion, is actively participating in securing the network and earning rewards.
What does this mean?
- Increased network security: With more ETH staked, the network becomes more resistant to attacks and malicious activity. ( 946,770 Valdators) - Deflationary pressure: Staking removes ETH from circulation, potentially leading to a decrease in overall supply and impacting its price. - Growing investor confidence: The rising staking participation reflects growing trust in Ethereum's future and its potential for long-term value.
But wait, there's more!
The staking rewards have dropped from a peak of 8.6% post-Shapella to currently around 4%. This is due to the increase in staked ETH, but still translates to attractive passive income for participants.This milestone doesn't include ETH currently waiting to be staked, pushing the total locked amount even higher.
ETH is turning into a deflationary dreamboat thanks to the Merge!
Remember that endless supply of ETH? Gone! Now, with every transaction, some ETH gets burned forever, making it scarcer than ever.
Think about it: **increased demand + decreased supply = potential price BOOM! ** But wait, there's more!
The burning rate is actually exceeding the issuance rate, meaning the total supply of ETH is SHRINKING, not just staying the same. This could be HUGE for long-term ETH holders. But is it time to FOMO in right now? That's the million $ETH question. DYOR, NFA, but this burning mechanism is a game-changer for ETH's future.
In white line eth POW vs blue line eth POS 1 day time frame. Orange is BTC issued in 1 day. 2.9k ETH has been burned the last day.
The Binance Inscriptions Marketplace: Your One-Stop Solution.
What are Inscriptions?
In the ever-evolving world of blockchain, an exciting new concept has emerged: Inscriptions. The concept of inscriptions originated with Bitcoin Ordinals. Since the Bitcoin network doesn’t support smart contracts, it couldn’t directly handle NFTs — or similar tokens. However, with the innovation of Ordinals, developers found a way to inscribe data onto individual satoshis (the smallest unit of Bitcoin). This opened a new frontier for creating digital assets on a blockchain originally not designed for them. Unlike traditional Bitcoin blockchain entries, which involve transactional data, inscriptions can include a variety of data types, such as text and images. They are immutable, meaning once written, they cannot be altered or deleted, ensuring permanence and security.