Staking Nears 13.3 Million ETH
The continues to rise drastically. The first validator node was set over a year ago, and since then, thousands of validators have joined the effort. Along the way, there have been various milestones hit, with Ethereum moving towards another one. Not long ago, the total number of ETH staked ahead of the Merge had grown to more than 10% of its total supply. Now, with the recent ramp-up and anticipation of the Merge, more ETH is being staked. This has brought the total number of ETH staked to reach almost 13.3 million. What this means is that Ethereum is very close to seeing 11% of its total supply being out of circulation. At current prices, this is more than $25 billion staked in the contract so far.ETH trading above $1,900 | Source:Now, this is not the highest that the dollar value of the staked ETH has been by any stretch, but given that the price of ETH is down more than 50% from its all-time high, it helps to put into perspective just how much is being staked already.
Ethereum Bullish Sentiment Grows
Bullish sentiment in Ethereum is now at one of the highest levels it has ever been. As the Merge draws closer, anticipation is nearing peak levels. This has caused investors to accumulate tokens ahead of what will be one of the most important upgrades in the history of the crypto space.Featured image from Coinmarketcap, chart from TradingView.com
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