More ETH is locked than ever, but the reward for locking it keeps shrinking.
Ethereum staking just hit an all-time high of 43.8 million ETH, about 35.9% of total supply. Meanwhile the annualized staking yield slipped to 2.63%.
My take: holders seem to be treating staked ETH as a long-term position, which also means less liquid supply on the market. Lower yield could test that patience though.
Are you staking $ETH, and would a yield under 3% change your decision?
#Ethereum #Staking #ETH
Ethereum staking just hit an all-time high of 43.8 million ETH, about 35.9% of total supply. Meanwhile the annualized staking yield slipped to 2.63%.
My take: holders seem to be treating staked ETH as a long-term position, which also means less liquid supply on the market. Lower yield could test that patience though.
Are you staking $ETH, and would a yield under 3% change your decision?
#Ethereum #Staking #ETH