Ethereum’s narrative presents two starkly contrasting perspectives today. Even with steadfast long-term assurance, the price keeps falling, sinking to unprecedented lows. In a historic milestone, the network’s proof-of-stake contract has exceeded the important benchmark of holding over fifty percent of the total ETH supply. According to data, more than 80.95 million ETH, which represents approximately 50.18% of the total supply, is currently locked in staking! Holders are clearly committed to strengthening the network. The staking contract operates as a vault that only allows deposits.
When users stake ETH, those coins leave regular circulation and stay inaccessible for spending or selling until they are ultimately withdrawn. This reduces the available liquid supply in the market. It’s crucial to note that staking growth often picks up during calmer times, as investors usually prefer to earn yield instead of participating in active trading. Tokenized real-world assets on Ethereum have exceeded $17 billion, showcasing remarkable year-over-year growth of around 300%. This aligns with the increasing interest in blockchain versions of private credit, treasuries, and commodities. Leading financial institutions like BlackRock, JPMorgan, and Franklin Templeton are currently investigating tokenized products on the Ethereum blockchain. Forecasts for RWAs are bold, with Standard Chartered predicting that they could reach $2 trillion by 2028. ARK Invest has projected that the market could reach as high as 11 trillion dollars by the year 2030. With Ethereum in the limelight, expansion is ahead.
Is this yet another example of assurance from a significant entity? AMBCrypto has recently highlighted that Bitmine Immersion Technologies has disclosed its holdings of 4.37 million ETH, which accounts for approximately 3.62% of the total supply. That totals around $8.7 billion at current valuations, making up most of its $9.6 billion in overall crypto and cash assets. The token has fallen below the $2,000 threshold, now trading at around $1,995, reaching levels not seen in several months. The recent decline makes the staking figures and activity appear disconnected from immediate market sentiment.
Ethereum has been moving horizontally after its latest drop, with momentum indicators showing a neutral stance. Traders are being careful, even with solid fundamentals in play. Over fifty percent of the ETH supply is presently secured in staking! Institutional participation in Ethereum is surpassing market feelings.