According to a report by CryptoQuant, Ethereum staking has increased to 24% of the total supply. 
The report also discloses that the total figure is currently around 29.02 million. 
Ethereum (ETH) is reported to be doing well in other metrics despite the negative growth of its price in the last couple of days. According to Ki Young Ju, the CEO of CryptoQuant, Ethereum locked-on staking protocols have surged to around 24 percent of the total supply. CryptoQuant data shows that the figure is currently around 29.02 million tokens. One interesting revelation is that only 11% of the total Ethereum tokens staked are on exchanges.
Ethereum has evolved over the years after embarking on one of the biggest upgrades in the ecosystem to transition from the Proof of Work (PoW) mechanism to the Proof-of-Stale (PoS). This was to improve its scalability while reducing its Carbon footprint. In this case, it resorted to the staking mechanism to validate transactions. In the early stage, stakers were n

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