Ethereum has reached a new milestone in its staking ecosystem, with the total amount of ETH in stake exceeding 35 million, reaching an all-time high. Ethereum Staking Reaches Record Level with 35 Million ETH Locked This increase came as over 500,000 ETH were added to the network’s staking contracts in the first half of June, indicating growing confidence from investors in Ethereum’s long-term potential. In parallel, Savings Addresses, which are wallets that have not sold ETH, have also climbed to a record high and currently hold a total of 22.8 million ETH. These addresses are often seen as an indicator of long-term belief and strategic holding behavior. The simultaneous rise of ETH staking and savings wallets suggests that Ethereum’s liquid supply is decreasing. This dynamic could put upward pressure on the price and strengthen the asset’s status as a foundational layer in the crypto economy. As staking rewards continue to attract investors and Ethereum’s network upgrades continue, these metrics further solidify its position as one of the strongest crypto assets in terms of fundamentals and holders’ belief. *This is not investment advice. Continue Reading: Ethereum Reaches All-Time High in Staking Ecosystem! Here Are the Details
