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.
