Despite growing uncertainty revolving the cryptocurrency market, investors are showing an increasing interest in Ethereum’s staking.
According to a recent analysis from crypto analyst ‘Onchain School’, later published by CryptoQuant, over 500 ETH have been staked since June 1st, leading the total amount of staked Ether to its all-time high.
Now, over 35,000,000 ETH ($89 billion) is locked in staking, marking a new record for Ethereum. This surge in staked Ether signals strong confidence in the network, as more investors opt to secure passive yields rather than trade actively.
Onchain School also reveals an interesting fact: the number of new wallets accumulating Ether is rising fast. By June 11, inflows into wallets with no prior ETH holdings hit record highs, signaling new market participants entering the space.
This surge also leads to a more robust and resilient ecosystem for Ethereum’s PoS. The number of active validators has exceeded 1 million, effectively making Ethereum more decentralized and secure, reducing reliance on centralized entities and improving the network’s stability.
Finally, this trend suggests that Ethereum’s demand is growing, while liquid supply continues to shrink. Many of these wallets are not moving their funds, indicating long-term accumulation.
Institutional Interest & Market Impact
Institutional Ether adoption has also been a big Ethereum proponent as of late. For instance, BlackRock registered major inflows in June. In total, over $800 million has flowed into Ethereum ETFs in this month alone, even despite growing economic uncertainty.
With Ether staking continuing to present an alternative for investors to safeguard their funds, Ethereum’s supply dynamics appear to be shifting. If this trend continues, ETH could see strong price movements as liquidity tightens and demand increases.
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