Cryptocurrency

Staked Ethereum surpasses 16M, over 70% stakers at a loss

Hull Invest

The amount of Ethereum (ETH) staked has grown 18% to over 16 million since the network completed its transition to a Proof-of-Stake (PoS) network last year. crypto slate data.

According to Dune’s analysis, 16 million staked ETH represents approximately 13.28% of the total ETH supply, worth $22.42 billion. data.

Lido is the dominant staking platform

Lido is the leading staking platform, controlling 29.08% of staked Ethereum. According to the official Lido, around 4.65 million ETH (worth $6.8 billion) has been staked. website,

Other major staking platforms, including centralized exchanges (CEX) such as Coinbase, Kraken and Binance, hold about 26.7% of staked Ethereum, according to Dune analytics data.

In total, the top four ETH staking platforms control 55.78% of staked Ethereum.

Total amount wagered by provider: (Source: Glassnode)

72% of staked ETH lost

Currently, 71.7% of Ethereum stakers are losing money on their staked ETH holdings, and only 28.3% are currently making a profit.

As shown in the chart below, the profit staker staked the coin when ETH was trading around $1300.

staked ethereum
Source: Dune Analytics

Crypto investors betting assets on ATH have been hit hardest by the bear market as ETH is trading more than 70% below its all-time high (ATH).

Staking ETH is gaining traction in light of the upcoming Shanghai update, which will allow stakers to withdraw their staked ETH.

Read the latest market report

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