#ETH Staking Surpasses 35 Million

Ethereum staking has reached a new all time high, with over 35 million ETH more than 28.3% of the total supply now locked in the network.
This development has significant implications for the price of ETH.
By removing a large portion of ETH from circulation, staking effectively reduces the available supply on exchanges, which can create upward pressure on the price, especially if demand remains stable or increases.
Additionally, the growing amount of staked ETH reflects a high level of investor confidence in Ethereum’s long term potential, suggesting that holders are less likely to sell in the short term.
However, the rise of liquid staking derivatives (LSDs) such as stETH or rETH adds nuance to this dynamic, as they allow users to stake while still maintaining some liquidity.
Even so, these tokens don’t fully replicate ETH and may be traded at a premium or discount depending on market conditions. Overall, while staking alone won’t dictate ETH’s price, its continued growth supports a bullish outlook, particularly when paired with favorable macro trends, increased network usage, and potential regulatory catalysts like Ethereum ETF approvals.#Gate #Eth