Ethereum Sees Record Staking as 43 Million ETH Sits in Deposit Contract

TL;DR

• Ethereum recorded a new all-time high in staking with approximately 43 million ETH deposited, close to 35% of the total circulating supply.
• BlackRock filed a request for an ETF that could allocate up to 95% of its ETH holdings to staking, intensifying pressure on the liquid supply.
• Ethereum’s price hovers around $2,512.62, registering a 0.9% weekly gain as available supply continues to contract.

Ethereum has just surpassed its own all-time staking record: approximately staking: approximately 43 million ETH are deposited in the network’s staking contract, representing close to 35% of the total circulating supply.

Both metrics continue to climb and there are no signs of an eventual slowdown, according to data in real time from ValidatorQueue published on September 14.

Ethereum’s Record and the Contraction of Liquid Supply

The ValidatorQueue chart shows that the staked supply and its percentage of the total have moved in sync since 2020. The line crossed 40 million ETH earlier this year and climbed to 43 million in recent weeks, recording a notable acceleration over the past few months.

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