Ethereum staked supply reaches an all-time high of 41.4M ETH, 34% of total supply

iconChaincatcher
Share
AI summary iconSummary
Ethereum’s staked supply reached 41.4 million ETH, a record 34% of the total supply, according to ChainCatcher. Over 1.4 million ETH was staked in the past week. BitMine, led by Tom Lee, added 150,100 ETH ($278 million), increasing its total staked amount to 5.07 million ETH ($9.38 billion), or 87.4% of its holdings. A whale address staked 112,000 ETH ($208 million) over three weeks. While the ETH price remains under pressure, analysts in ETH analysis note that staking growth underscores network activity. Meanwhile, the stablecoin market cap declined 1.6% in the quarter—the largest drop on record—with $60 billion in liquidity lost. Daily spot volume is nearly 70% below January’s peak.

ChainCatcher report, according to AMBCrypto, the total amount of Ethereum staked has risen to a new all-time high of 41.4 million ETH, accounting for 34% of the total supply, with over 1.4 million ETH newly staked in just the past week. Tom Lee’s BitMine has restaked an additional 150,100 ETH (approximately $278 million), bringing its total staked ETH to 5.07 million (approximately $9.38 billion), representing 87.4% of its ETH holdings. Meanwhile, a large whale address has withdrawn and restaked a cumulative 112,000 ETH (over $2.08 billion) over the past three weeks. Meanwhile, the market capitalization of stablecoins declined by 1.6% this quarter, marking the worst quarterly performance on record, with over $6 billion in liquidity exiting the crypto market. Daily spot trading volume across the entire market has dropped nearly 70% from its January peak to approximately $15 billion.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.