Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum staking has reached a historic milestone as the ETH price barrel surpassed $2,400.
ETHEREUM NEWS

Ethereum staking has reached a historic milestone as the ETH price barrel surpassed $2,400.

By Crypto FlexsFebruary 9, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum staking has reached a historic milestone as the ETH price barrel surpassed ,400.
Share
Facebook Twitter LinkedIn Pinterest Email

Despite the poor performance of ETH price over the past year, Ethereum staking is increasing. Liquid staking protocols such as Lido Finance have seen the amount of ETH being staked continue to grow, and as a result of the continued interest in ETH staking, the total supply locked to date has reached a new all-time high. .

Currently, 25% of total ETH is staked.

In an interesting event, the total percentage of ETH supply staked exceeded 25%. This was revealed by Lido Finance, who shared a screenshot of their Dune Analytics dashboard showing that the 25% mark has been reached.

Looking at the Dune Analytics dashboard, we can see that this number has continued to increase since then, with 25.08% of total ETH supply currently staked. This figure is fueled by a total of 924,023 Ethereum validators currently running on the network.

Net flows also missed expectations and were positive following the Shanghai upgrade. This upgrade finally allows stakers to withdraw their staked ETH. However, rather than large-scale withdrawals occurring, more ETH flowed into the staking contract.

According to data from Dune, more than 10 million ETH have flowed into staking contracts since the Shanghai upgrade. The total ETH staked to date is over 30.14 million, and this number appears to be growing rapidly.

Lido dominates Ethereum Stake.

Of the total 30.14 million ETH staked to date, a large portion is currently being staked through the Lido platform. This is because the Dune Analytics platform accounts for 31.52% of all staked ETH. This solidifies Lido’s position as the largest Ethereum staking platform, with over 297,000 validators on the protocol.

Coinbase follows Lido, accounting for 14.4% of all ETH staked by over 136,000 validators. This means that Coinbase and Lido Finance are currently ahead of the rest, controlling 45% of the staked ETH market.

Another cryptocurrency exchange, Binance, ranked third with 4.3% of total ETH staked and 41,000 verifications. Kiln, Figment, and Rocket Pool rank 4th, 5th, and 6th respectively, accounting for 2.8% to 3.3% of total staked ETH.

Looking at the rewards so far, Ethereum stakers have earned quite a bit since the initiative began. The total ETH earned by Lido stakers so far is over 467,000 ETH, while Coinbase earned 259,000 ETH and Binance stakers earned 139,000 ETH.

During this period, the price of ETH also showed strength and surpassed the resistance level of $2,400. It is up 2.22% over the past day and up 7% over the past week, according to data from CoinMarketCap.

ETH price at $2,400 | Source: ETHUSD on Tradingview.com

Featured image from Dall.E, chart from Tradingview.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025

$ AB is live on Binance, guiding the new era of new cross chain asset mobility.

June 7, 2025

Trump memoin is faced with a $ 520m lock in July and the price drops by 85%.

June 7, 2025

Vaneck launches GPZ ETF for alternative asset managers.

June 7, 2025

Apple, X, Airbnb Eye Stablecoin Integration

June 7, 2025

Strategy to raise almost $ 1B by STRD priority proposal for BTC accumulation

June 7, 2025

Hash research CEO is appointed chief policy officer at the presidential office

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Thorchain integrates the director of the XRP to facilitate the distributed swap.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

The Foresight Ventures report shows a collection shift where more than 32,000 sellers around the world accept encryption.

June 7, 2025
Most Popular

Institutions Drive Crypto Adoption in East Asia, Chainalysis Report Finds

September 18, 2024

Hack VC, new venture fund, Eyes web3 closes $150 million for AI startup

February 20, 2024

BigBossInu vs. Dogecoin: 10,000% Profits by 2025?

January 16, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.