Ethereum's Supply Staked Hits Over $147 Billion Milestone: Santiment Analysis

Saturday, 13 July 2024, 20:00

The latest data from Santiment reveals a significant milestone in the Ethereum ecosystem, with over 33% of Ethereum's total supply now being staked. This represents a substantial amount of value, exceeding $147 billion, locked in staking contracts. The growing trend of staking indicates a strong vote of confidence in Ethereum's network and potential for long-term growth. With more investors participating in staking, Ethereum's security and decentralization are further strengthened, fostering a positive outlook for the cryptocurrency ecosystem.
Dailyhodl
Ethereum's Supply Staked Hits Over $147 Billion Milestone: Santiment Analysis

Santiment Analysis Reveals Milestone Staking Value

The analysis from Santiment unveils a notable development in Ethereum's ecosystem, showcasing the growing adoption of staking.

Over $147 Billion Locked in Staking Contracts

More than a third of Ethereum's total supply, surpassing $147 billion in value, is currently locked in staking contracts, as reported by Santiment.

This significant amount reflects a considerable portion of the Ethereum network's security and decentralization mechanisms.

Investors' continued participation in staking signals a positive sentiment towards Ethereum's long-term potential.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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