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Ethereum (ETH) is entering a new phase of maturity in the cryptocurrency market, with the amount of tokens deposited by 35 million ETH, according to the latest data from Dune Analytics. This is the highest milestone of all time since the Ethereum network moved to the Proof-of-Stake consensus mechanism (POS) at the end of 2022.
🔒 28% of the total supply has been locked with a narrowed liquidity
Up to the present time, more than 28% of the total circulation of Ethereum (about 120 million ETH) is being locked in staking contracts. This means that the supply of ETH can be significantly narrowed in the market, especially in the context of large organizations and public listed businesses are switching to ETH storage instead of short -term transactions.
"The fact that more than one quarter of the lock in Staking not only reflects the trust in the Ethereum network, but also a sign that the liquidity supply in the market may continue to be tightened," according to a report from Cryptoquant on June 18.
🧱 Who is locking ETH? From lido to listed corporations
On-chain data shows a variety of distribution in staking activities:
LIDO Finance Staking Protocol is the leading liquidity control of 8.75 million ETH, equivalent to about 25% of the total ETH deposit.
Coinbase, Binance and other concentrated exchanges are authenticating about 15% of the network.
Sharplink Gaming The company listed on Nasdaq has announced the purchase of $ 463 million and a deposit of 95% of the holding in June, making them a second -largest ETH held organization, only after the Ethereum Foundation.
Sharplink not only invests but is building a sustainable digital treasury strategy. With a 3%staking capacity, the company not only sought passive profits but also contributed to the Ethereum network security a ideal model in the web3 period.
📜 Open legal corridor: Staking is no longer a barrier
The strong increase in the ETH deposit was also driven by an important legal turning point: The United States in the instructions in May 2024 clarified that Staking at the protocol level was not considered a form of securities. This has opened the legal door for financial institutions and public companies to participate in Staking without legal risks.
📉 Impact on the market: The supply is difficult, the price may fluctuate strongly
When the supply of ETH can decrease, this can create price increase pressure in the next market cycles, especially if the demand from ETF funds, organizations and individual investors continues to increase.
"The combination of increasing staking, accumulating organizational and legal barriers is transforming ETH into a digital property that is both profitable and can be used as a treasury asset," said from an analyst at Glassnode.
🧭 Conclusion: ETH from DEFI assets to new generation treasury assets
The fact that more than 35 million ETH locked in Staking is creating an increasingly scarce supply structure, while the need for organization continues to escalate. With the legalization of Staking protocol and stable yields, Ethereum is gradually transforming from a speculative property to a long -term digital financial pillar.
In this context, investors no longer simply ask "ETH can reach $ 10,000?" But instead is:
"Who will own ETH soon enough to take advantage of Staking, Security and Long -term accumulation?"