According to the data by onchain data provider IntoTheBlock, almost a third of all Ether has been staked as tokenholders show long-term interest in the crypto assets and the rewards they can attain.
On October 8, onchain data provider IntoTheBlock said that 28.9% of all Ether had been staked. The data platform also highlighted that in January, the percentage of ETH stake was at 23.8%, which means that an additional 5.1% of all ETH was staked in the last 10 months. IntoTheBlock also highlighted that 15.3% of staked ETH had been staked for over three years. The data provider said that this is a strong signal of “long-term confidence” in the future of Ethereum.
Despite the increase in staking of ETH, the prices of many crypto assets have declined. Ether showed great strength in the first half of 2024; the token’s price faced challenges in October.
ETH reached its yearly high on March 12, trading above $4,000, but it has dripped around 40% since then, and the current price is hovering around $2,400.
To stake Ethereum, the holders need 32 ETH, worth almost $80,000. On October 3, the Ethereum co-founder Vitalik Buterin joined a discussion on X about solo staking, and he recognised the importance of lowering the minimum ETH requirements to earn by staking alone. Although a lot of staking pools are available for users with fewer funds, Vitalik recognised that lowering it might increase participation in staking.
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