{"id":503662,"date":"2022-09-26T17:00:46","date_gmt":"2022-09-26T17:00:46","guid":{"rendered":"https:\/\/wncen.com\/?p=503662"},"modified":"2022-09-26T11:37:34","modified_gmt":"2022-09-26T11:37:34","slug":"staked-eth-nears-14-million-as-ethereum-readies-for-breakout","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/staked-eth-nears-14-million-as-ethereum-readies-for-breakout\/","title":{"rendered":"Staked ETH Nears 14 Million As Ethereum Readies For Breakout"},"content":{"rendered":"
Since the completion of the Ethereum Merge, sentiment among the community has remained positive. There had been no withdrawal mechanisms coded into the hard fork, which meant that the feared dump of millions of ETH into the market did not happen. What had happened is that the amount of ETH that was being staked on the network had continued to grow, now getting close to another important milestone for the network.<\/p>\n
Staked ETH Almost At 14 Million<\/h2>\n
By the time the Merge was to be implemented, there had been more than 13 million ETH already staked on the network. This represented more than 11% of the total circulating ETH supply being taken out of circulation temporarily.\u00a0<\/span><\/p>\n