Ethereum Staking Surges to New Highs as Investors Eye Passive Income Over Selling
• Ethereum staking hits new high with nearly 30 million ETH, about 24% of total supply, now locked for staking • Stakers preferring to earn passive income through staking rather than sell ETH, showing confidence in network • Shapella upgrade introduced ETH withdrawal functionality from staking, but staking rate still increasing • Ethereum maintaining negative 0.03% inflation along with 4.23% rewarding staking rate, unique in crypto market • Disparity between staked ETH price and market price shows profitability of and bullishness on ETH staking