COINTIKA.COM - "The total supply of ETH staked hit an all-time high this week with over 35 million staked or around 28% of the total supply now locked," confirms Dom Harz, Co-Founder of BOB. This significant milestone reflects growing confidence in the Ethereum network.
This record-breaking figure, achieved partly due to substantial deposits from major "whale" accounts (over 871,000 ETH recently), represents approximately 28% of Ethereum's total supply. The resulting decrease in liquid ETH is already impacting market dynamics, potentially influencing the price (currently around $2,500) and liquidity within DeFi protocols that rely on Ethereum's network.
The reduced supply of circulating ETH is expected to put upward pressure on its price, according to market analysts. This increased lock-up, driven by whale accumulation, could further restrict liquidity and trigger price adjustments. The implications extend to staking yield dynamics and could even attract greater regulatory scrutiny given the significant institutional involvement.
Furthermore, the convergence of Bitcoin capital with Ethereum platforms suggests a promising environment for innovation and interconnected ecosystem growth. However, investors should remember that cryptocurrency markets are inherently volatile and seek professional financial advice before making any investment decisions.
