Ethereum staking has hit a new high again
Bitwise quarterly report
On-chain staked amount reaches about 43.8 million ETH $ETH
About 35.9% of total supply
Among the highest levels ever
Net inflows of about 1.99 million ETH in Q3
Net inflows for six consecutive quarters
Solana active stake also rose to about 440.5 million SOL $SOL
On the other hand, yields are trending down
ETH annualized yield fell from about 2.81% to about 2.63%
Most of it still comes from issuance
SOL gross yield also eased from about 6.38% to around 6%
Liquidity is the real sticking point for institutions
Unstaking can take weeks
Fund redemption windows are often just a day or two
So the average staking ratio for related European products is only around 50–60%
A record-high amount of staked tokens doesn’t mean an immediate surge
It’s more like supply is being gradually locked up
When volatility hits, we’ll see who lets go first
$ETH $SOL
#以太坊质押 #Bitwise #Institutional staking
Bitwise quarterly report
On-chain staked amount reaches about 43.8 million ETH $ETH
About 35.9% of total supply
Among the highest levels ever
Net inflows of about 1.99 million ETH in Q3
Net inflows for six consecutive quarters
Solana active stake also rose to about 440.5 million SOL $SOL
On the other hand, yields are trending down
ETH annualized yield fell from about 2.81% to about 2.63%
Most of it still comes from issuance
SOL gross yield also eased from about 6.38% to around 6%
Liquidity is the real sticking point for institutions
Unstaking can take weeks
Fund redemption windows are often just a day or two
So the average staking ratio for related European products is only around 50–60%
A record-high amount of staked tokens doesn’t mean an immediate surge
It’s more like supply is being gradually locked up
When volatility hits, we’ll see who lets go first
$ETH $SOL
#以太坊质押 #Bitwise #Institutional staking