Ethereum has reached a new record in its staking ecosystem, exceeding 35 million ETH in stake. This milestone has been driven by several factors, including increasing investor confidence.
Increase in Ethereum Staking
In the first half of June, over 500,000 ETH were added to the network's staking contracts. This indicates growing investor confidence in Ethereum's long-term prospects.
Growth of Savings Addresses
Savings Addresses, which have not sold ETH, have also reached a record level, currently holding 22.8 million ETH. These addresses are seen as an indicator of long-term belief and strategic investor behavior.
Market Impact and Future of Ethereum
The simultaneous rise in ETH staking and savings addresses suggests a decrease in the liquid supply of ETH. This dynamic could put upward pressure on prices and solidify Ethereum's status as a foundational asset in the crypto economy.
Given the ongoing interest from investors and Ethereum's network upgrades, the current metrics suggest that ETH occupies one of the strongest positions among crypto assets, reflecting a high level of trust in the platform among holders.
