Ethereum Staking Address Now Holds Over Half ETH Supply For First Time Ever: Santiment
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Ethereum's proof-of-stake contract now contains over half of the total Ether supply for the first time, according to Santiment. Currently, 37 million ETH are staked, about 30% of total supply. The proof-of-stake address acts as a temporary vault for network security.
Ethereum’s proof-of-stake contract address now holds over half of the Ether supply “for the first time in the coin’s eleven-year history,” reported on-chain analytics provider Santiment on Wednesday.
This appears somewhat misleading, as approximately 37 million ETH are currently staked, representing approximately 30% of the total supply of 121.4 million tokens. However, Santiment explained that there is often confusion about how the proof-of-stake address works. It described the address as a “one-way vault that temporarily locks ETH to help secure the network.”
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Ethereum Staking Address Now Holds Over Half ETH Supply For First Time Ever: Santiment
Share:
Ethereum's proof-of-stake contract now contains over half of the total Ether supply for the first time, according to Santiment. Currently, 37 million ETH are staked, about 30% of total supply. The proof-of-stake address acts as a temporary vault for network security.
Ethereum’s proof-of-stake contract address now holds over half of the Ether supply “for the first time in the coin’s eleven-year history,” reported on-chain analytics provider Santiment on Wednesday.
This appears somewhat misleading, as approximately 37 million ETH are currently staked, representing approximately 30% of the total supply of 121.4 million tokens. However, Santiment explained that there is often confusion about how the proof-of-stake address works. It described the address as a “one-way vault that temporarily locks ETH to help secure the network.”
In This News
Coins
$ 2.02K
+2.31%$ 2.02K
+2.38%Share:
In This News
Coins
$ 2.02K
+2.31%$ 2.02K
+2.38%Share:
Read More
Bitcoin Whales Accumulate as BTC Price Revisits 2024 Entry Zone