Ethereum Staking Breaks New Highs as Price Slumps

More than 30% of ETH’s circulating supply is now locked in staking contracts, per data from Validator Queue. The percent of supply staked continues to break new highs this month, climbing over 30% for the first time at the end of January.

As of today, Feb. 17, data shows that about 36.9 million ETH, or roughly 30.4% of total supply, is currently staked across nearly 967,000 active validators.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io