- Ethereum‘s staking ratio has reached a new all-time high, surpassing 30% of its total supply.
- Nearly 1 million validators now secure the network, with over 36.8 million ETH staked.
- Despite these bullish network metrics, ETH’s price faces significant downward pressure.
Ethereum’s staking has climbed to a new all-time high, according to Token Terminal data, with 36.8 million coins locked. Consequently, this represents a staking ratio of over 30% amid nearly 1 million validators securing the network. However, this network strength contrasts sharply with ETH’s price performance, which is down nearly 37% over the previous month.
Meanwhile, the asset’s price decline follows a period of macroeconomic worries and a broader market liquidity crunch. Consequently, CoinGecko data shows ETH is down 5.8% in the last week and 32.9% over 14 days. Therefore, the market has seen a substantial exodus of investors taking a risk-averse approach.
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