Ethereum Users Stake 28.9% of Supply, Signaling Confidence
New Onchain data from IntoTheBlock reveals that Ethereum users have staked 28.9% of all Ether supply, revealing long-term interest in the asset. Staking a crypto asset means locking it into a blockchain network, prohibiting it from being sold or purchased until it is unstaked. Staking Ethereum allows holders to reap long-term rewards and typically signals confidence and interest in the token. IntoTheBlock revealed the new data in a post to X on October 8. According to the data compiler, the percentage of ETH staked is up over 5% from the start of the year. Additionally, over 15.3% of staked Ethereum has been staked for over three years. The latter is an even stronger signal of long-term confidence in the asset, which was likely rewarded after the launch of ETFs. Ethereum Update: 28.9% of all $ETH is now staked, up from 23.8% in January Over 15.3% of staked ETH has been staked for more than 3 years A strong signal of long-term confidence in Ethereum’s future. pic.twitter.com/HjUj2v9N1P...