According to the latest data, the amount of ETH locked in staking contracts on the Ethereum network has surpassed a new milestone of 35 million coins, accounting for more than 28.3% of the total supply of Ethereum, setting a historical high.
This data indicates that despite the ongoing volatility in the cryptocurrency market, investors and node operators still maintain strong confidence in the long-term development prospects of the Ethereum ecosystem. Since Ethereum completed its transition to a proof-of-stake mechanism, participation in staking has continued to rise, demonstrating the community's recognition of the network's security and future technological direction.
As the staking ratio increases, the security and decentralization of the Ethereum network also improve correspondingly, which has positive implications for the healthy development of the entire ecosystem. It is worth considering that such a high ratio of staked assets also reduces the market circulation to some extent, which may provide potential support for the price of ETH.
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According to the latest data, the amount of ETH locked in staking contracts on the Ethereum network has surpassed a new milestone of 35 million coins, accounting for more than 28.3% of the total supply of Ethereum, setting a historical high.
This data indicates that despite the ongoing volatility in the cryptocurrency market, investors and node operators still maintain strong confidence in the long-term development prospects of the Ethereum ecosystem. Since Ethereum completed its transition to a proof-of-stake mechanism, participation in staking has continued to rise, demonstrating the community's recognition of the network's security and future technological direction.
As the staking ratio increases, the security and decentralization of the Ethereum network also improve correspondingly, which has positive implications for the healthy development of the entire ecosystem. It is worth considering that such a high ratio of staked assets also reduces the market circulation to some extent, which may provide potential support for the price of ETH.