ETH Staking Soars: The Number You Can’t Ignore!

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In a stunning display of cosmic indifference, Ethereum’s price continues to wander the galaxy while its network hums along, oblivious to the chaos. It’s like watching a toddler build a sandcastle and then declare it a masterpiece-except the sandcastle is a blockchain, and the toddler is a market.

More Ethereum Getting Locked Away

Even in the ongoing crypto volatile landscape, Ethereum’s supply dynamics are undergoing a quiet but meaningful shift. Picture a cosmic version of a “Do Not Disturb” sign, except instead of a hotel room, it’s your ETH. The network is now so busy locking away coins, it’s like a librarian who’s decided to reorganize the universe.

Milk Road, a market expert with the charisma of a disgruntled teapot, stated that ETH is becoming harder to access. Imagine trying to get a drink from a vending machine that’s decided to go on a spiritual journey. The chart shared by Milk Road shows ETH staking hitting a new all-time high, which is impressive-unless you’re a trader trying to sell your coins, in which case it’s a bit like trying to book a flight to Mars with a broken calculator.

While more tokens are being locked into validator contracts, an increasing percentage of Ethereum’s total supply is essentially taken out of daily circulation. It’s like a library where half the books are missing, but everyone’s still pretending they’re there. The supply of ETH taken by staking has never been this high, snatching over 30% of the entire supply in circulation. That’s more than the number of excuses people have for not doing their taxes.

This points to growing confidence in staking as a yield strategy in the long term and a deeper commitment to the security offered by the network. Meanwhile, the Ethereum network is now secured by approximately $120 billion worth of staked ETH. That’s more than the GDP of some countries, but less than the number of excuses people have for not doing their taxes.

In addition to being removed from active circulation, Milk Road highlighted that this supply is also taken off crypto exchanges. When staking rises, and supply shrinks, Milk Road stated that this trend is a positive signal for price appreciation in the long term, reinforcing the expert’s conviction in ETH to move higher. Which is great, unless you’re a trader who’s currently holding a bag of ETH that’s heavier than a black hole.

A Sharp Rise In ETH’s Network Activity To New Highs

On-chain activity has experienced a similar growth, rising to historical levels. Crypto Tice reported that Ethereum network activity is at an all-time high, highlighting the blockchain’s rising function as the layer of settlement for cryptocurrency and financial operations. It’s like a party that’s been going on for years and no one remembers how it started, but everyone’s still dancing.

The network growth is observed among new wallet addresses, of which more than 393,000 new wallets were created in a single day, reaching the highest level ever recorded for the 7-day average of daily wallet creation. Such an increase in activity is noteworthy not only for its magnitude but also for its tenacity, occurring despite the continued volatility of the market. It’s like a toddler who’s determined to climb a mountain, even though they’re still learning to walk.

It is worth noting that these types of growth are subtle as they do not show up at the tops, and momentum is gradually picking up again. However, when it does show up, it is accompanied by a quiet spike in adoption beneath the surface; a clear instance of how increasing demands follow an expansion in usage. It’s like a whisper in a hurricane-quiet, but if you’re listening, it’s impossible to ignore.

At the time of writing, the ETH price was trading at $3,119, demonstrating a nearly 3% decline in the last 24 hours. Its trading volume is also showing bearish performance, dropping by more than 16% over the past day. It’s like a spaceship that’s lost its way, but still manages to look confident.

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2026-01-20 22:11