Currencies32929
Market Cap$ 2.55T-4.86%
24h Spot Volume$ 81.05B+37.5%
DominanceBTC59.46%+0.02%ETH6.85%-4.74%
ETH Gas0.51 Gwei
Cryptorank
MainNewsMore Than a ...

More Than a Third of Ethereum Supply Worth Over $147,000,000,000 Now Staked, According to Santiment

New data from market intelligence platform Santiment finds that more than 33% of Ethereum’s (ETH) overall supply is now being staked.

In a new thread on the social media platform X, Santiment says that over 47 million Ether worth about $147 billion at time of writing are now being staked on a prominent ETH staking platform, a figure 3x higher than two years ago.

“The ETH2 Beacon Deposit Contract, used for staking deposits for Ethereum 2.0, now holds an all-time high 47.36 million ETH. This is good for 33.9% of the entire supply, and more than tripling since the 10.9% it held two years ago.”

Staking is when a crypto holder uses their tokens to validate and secure a blockchain as a means of earning rewards.

GIjBRxAXAAE-jGP
Source: Santiment/X

Ethereum switched from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) one in September 2022, allowing users to stake ETH to validate the blockchain and earn rewards.

Furthermore, the switch caused the number of ETH hitting the market to drop and made the blockchain faster, cheaper to operate and more eco-friendly. At the time, the Ethereum Foundation said that the number of ETH issued would drop from 13,000 to 1,600 per day.

Ethereum is trading for 3,143 at time of writing, a fractional increase during the last 24 hours.

Santiment goes on to note the top 10 crypto gaming projects in terms of non-redundant daily development activity over a 30-day period.

The list includes MultiversX (EGLD), Decentraland (MANA), Immutable X (IMX), Skale (SKL) and Root Network (ROOT).

GIjBRxAXAAE-jGP
Source: Santiment/X
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post More Than a Third of Ethereum Supply Worth Over $147,000,000,000 Now Staked, According to Santiment appeared first on The Daily Hodl.

Read the article at The Daily Hodl

Read More

Ethereum Tanks Nearly 50% As Bitcoin Holds Stronger In Q1

Ethereum Tanks Nearly 50% As Bitcoin Holds Stronger In Q1

Ethereum and Bitcoin went through very different trajectories in the first quarter of...
Apr, 06, 2025
2 min read
by NewsBTC
Ethereum Dips Into Capitulation Zone: Analyst Reveals What Could Come Next

Ethereum Dips Into Capitulation Zone: Analyst Reveals What Could Come Next

Ethereum (ETH) has begun to show signs of recovery following a sharp decline earlier ...
Apr, 09, 2025
2 min read
by NewsBTC
MainNewsMore Than a ...

More Than a Third of Ethereum Supply Worth Over $147,000,000,000 Now Staked, According to Santiment

New data from market intelligence platform Santiment finds that more than 33% of Ethereum’s (ETH) overall supply is now being staked.

In a new thread on the social media platform X, Santiment says that over 47 million Ether worth about $147 billion at time of writing are now being staked on a prominent ETH staking platform, a figure 3x higher than two years ago.

“The ETH2 Beacon Deposit Contract, used for staking deposits for Ethereum 2.0, now holds an all-time high 47.36 million ETH. This is good for 33.9% of the entire supply, and more than tripling since the 10.9% it held two years ago.”

Staking is when a crypto holder uses their tokens to validate and secure a blockchain as a means of earning rewards.

GIjBRxAXAAE-jGP
Source: Santiment/X

Ethereum switched from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) one in September 2022, allowing users to stake ETH to validate the blockchain and earn rewards.

Furthermore, the switch caused the number of ETH hitting the market to drop and made the blockchain faster, cheaper to operate and more eco-friendly. At the time, the Ethereum Foundation said that the number of ETH issued would drop from 13,000 to 1,600 per day.

Ethereum is trading for 3,143 at time of writing, a fractional increase during the last 24 hours.

Santiment goes on to note the top 10 crypto gaming projects in terms of non-redundant daily development activity over a 30-day period.

The list includes MultiversX (EGLD), Decentraland (MANA), Immutable X (IMX), Skale (SKL) and Root Network (ROOT).

GIjBRxAXAAE-jGP
Source: Santiment/X
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post More Than a Third of Ethereum Supply Worth Over $147,000,000,000 Now Staked, According to Santiment appeared first on The Daily Hodl.

Read the article at The Daily Hodl

Read More

Ethereum Tanks Nearly 50% As Bitcoin Holds Stronger In Q1

Ethereum Tanks Nearly 50% As Bitcoin Holds Stronger In Q1

Ethereum and Bitcoin went through very different trajectories in the first quarter of...
Apr, 06, 2025
2 min read
by NewsBTC
Ethereum Dips Into Capitulation Zone: Analyst Reveals What Could Come Next

Ethereum Dips Into Capitulation Zone: Analyst Reveals What Could Come Next

Ethereum (ETH) has begun to show signs of recovery following a sharp decline earlier ...
Apr, 09, 2025
2 min read
by NewsBTC