- Ethereum staking peaks with 34.65 million ETH, about 30% of supply.
- Bitstamp halts U.S. staking amidst regulatory pressure.
- Decentralized staking pools gain prominence following Bitstamp’s decision.
Ethereum’s staked supply has reached a historic mark of 34.65 million ETH, accounting for nearly 30% of the current circulating supply. This milestone is primarily driven by increased participation from staking service providers such as ether.fi and Everstake.
Ethereum Staking Surpasses 34 Million ETH, Affects Market Shift
The rise in staked Ethereum signifies a strengthening commitment to the network’s Proof-of-Stake protocol and could prompt shifts in staking dynamics. As Bitstamp ceases its U.S. staking services, attention turns towards decentralized platforms and potential offshore shifts.
Regulatory Impact Pushes Staking Towards Decentralization
The decision by Bitstamp to halt U.S. staking has notable implications. As quoted by Bobby Zagotta, CEO, Bitstamp U.S., “The decision to stop offering staking to U.S. customers was made in light of the current regulatory dynamics in the United States. The U.S. Securities and Exchange Commission (SEC) has targeted staking services in multiple enforcement actions.”
Market reactions have varied, with centralized platforms adjusting their strategies. Bitstamp’s U.S. CEO, Bobby Zagotta, referenced SEC regulatory dynamics as influencing this move. The crypto community is responding with an increased focus on decentralized options to adapt to regulatory landscapes.
Did you know? Staking has grown despite regulatory hurdles, demonstrating the resilience and adaptability of decentralized networks. This event underscores a sustained trajectory towards a more decentralized and globally accessible Ethereum ecosystem.
Market Data and Insights
Did you know? Staking has grown despite regulatory hurdles, demonstrating the resilience and adaptability of decentralized networks. This event underscores a sustained trajectory towards a more decentralized and globally accessible Ethereum ecosystem.
Ethereum (ETH) is currently priced at $2,676.51, with a market cap of formatNumber(“323115874881”, 2). Its recent 24-hour trading volume surged by 102.67%, reflecting a heightened market interest. ETH price has surged 7.32% in the last day and shows a 72.55% increase over the past 60 days, according to CoinMarketCap.
Insights from the Coincu research team suggest that ongoing regulatory actions could accelerate the adoption of decentralized staking solutions, fostering network decentralization. Blockchain enthusiasts anticipate potential technological advancements that could further solidify Ethereum’s status as a leading crypto platform.
Source: https://coincu.com/342423-ethereum-staking-hits-record/