Ethereum staking hits the 25% milestone with $73 billion value, marking a significant endorsement of its Proof-of-Stake consensus algorithm.
Lido Finance dominates Ethereum staking with 31.52% of all staked ETH, followed by Coinbase while restaking trends indicate growing interest and flexibility in the ecosystem.
Ethereum, the second-largest cryptocurrency by market capitalization, has achieved a significant milestone in its staking ecosystem. Approximately 25% of the circulating supply, equivalent to 30 million ETH, is now actively staked on the network, signaling a robust endorsement of its Proof-of-Stake (PoS) consensus algorithm. This marks a noteworthy milestone in cryptocurrency staking, signaling increased interest and participation in securing the Ethereum network.
25% of the ETH supply is now staked pic.twitter.com/YcZrE1ZOhV
— Lido (@LidoFinance) February 7, 2024
The report, from the blockchain analytics company Nansen, emphasizes the growing trend of people locking up
