New data from market intelligence platform Santiment finds that more than 33% of Ethereum\u2019s (ETH<\/a>) overall supply is now being staked.<\/p>\n In a new thread on the social media platform X, Santiment says<\/a> that over 47 million Ether \u2013 <\/span> worth about $147 billion at time of writing \u2013 <\/span>are now being staked on a prominent ETH staking platform, a figure 3x higher than two years ago.<\/p>\n \u201cThe ETH2 Beacon Deposit Contract, used for staking deposits for Ethereum 2.0, now holds an all-time high 47.36 million ETH. This is good for 33.9% of the entire supply, and more than tripling since the 10.9% it held two years ago.\u201d<\/em><\/p>\n Staking is when a crypto holder uses their tokens to validate and secure a blockchain as a means of earning rewards.<\/p>\n Ethereum switched<\/a> from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) one in September 2022, allowing users to stake ETH to validate the blockchain and earn rewards.<\/p>\n Furthermore, the switch caused the number of ETH hitting the market to drop and made the blockchain faster, cheaper to operate and more eco-friendly. At the time, the Ethereum Foundation said that the number of ETH issued would drop from 13,000 to 1,600 per day.<\/p>\n Ethereum is trading for 3,143 at time of writing, a fractional increase during the last 24 hours.<\/p>\n Santiment goes on to note<\/a> the top 10 crypto gaming projects in terms of non-redundant daily development activity over a 30-day period.<\/p>\n The list includes MultiversX (EGLD<\/a>), Decentraland (MANA<\/a>), Immutable X (IMX<\/a>), Skale (SKL<\/a>) and Root Network (ROOT).<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" New data from market intelligence platform Santiment finds that more than 33% of Ethereum\u2019s (ETH) overall supply is now being staked. In a new thread on the social media platform X, Santiment says that over 47 million Ether \u2013 worth about $147 billion at time of writing \u2013 are now being staked on a prominent […]<\/p>\n","protected":false},"author":2,"featured_media":343835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-343833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=343833"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343833\/revisions"}],"predecessor-version":[{"id":343837,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343833\/revisions\/343837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/343835"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=343833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=343833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=343833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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