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Over 28% of the total Ether supply is now staked, signaling that many investors are gearing up to hold their assets for the long term.
The supply of staked Ether reached an all-time high this week, signaling growing investor confidence and a squeeze on the liquid supply of the world’s second-largest cryptocurrency.
Over 35 million Ether (ETH) coins are now staked under the Ethereum blockchain’s proof-of-stake consensus model, according to data from Dune Analytics.
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Over 28.3% of the total Ether supply is now locked into smart contracts and is unsellable for a pre-determined time in exchange for generating passive income for investors.