The newly staked amount of ETH is equivalent to nearly a quarter of the total circulating supply.

According to CryptoQuant data analysis, approximately 29.39 million ETH has been staked on the blockchain as of this writing, equivalent to nearly a quarter of the total circulating supply.

With this, the total USD value staked has increased to $65.45 billion, representing approximately 35% of the total market capitalization of all proof-of-stake (PoS) assets.

Users have shown higher interest in staking since the Shapella Upgrade was introduced last April.#Write2Earn #ETHPoW