I just reviewed the data and it's interesting what's happening with Ethereum. More than 30% of the total supply is already staked, which is 36.3 million ETH locked. This means that the available Ethereum supply in the open market is significantly reduced, which is an important move that many are not considering.

What catches my attention is that this continues to grow even with all the volatility we've seen. At the beginning of the year, we had 35.99 million in staking, now it's 36.31 million. Compared to a year ago, that's a 6.2% growth. Holders are clearly thinking long-term, regardless of short-term market noise.

Additionally, I noticed that daily transactions on Ethereum reached 2.88 million on January 16th, a record high. And the best part is that fees dropped to 0.054 gwei. So we have more activity with lower costs, which is rare to see. This reflects that Ethereum's supply is under pressure while demand remains active.

The only thing is that the price isn't responding as you'd expect. I suppose macroeconomic factors are weighing more at this moment. But in terms of network health, the numbers look solid. Security increases with more staking, and less Ethereum available in the market could be relevant later on. Definitely something to keep an eye on.