👀 The amount of Ethereum locked in staking has reached a record 34.8 million $ETH - that’s 28% of the total supply.

What does this mean?

1️⃣ Confidence in Ethereum is growing. People are not selling $ETH , but freezing it in the system - this means they believe in long-term growth.

2️⃣ Fewer coins in circulation - higher scarcity. This could push the price up, especially if demand starts to grow.

3️⃣ More decentralization and security. After all, stakers help maintain the stable operation of the blockchain.