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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-staking-milestone-record-levels-achieved/" data-wpel-link="internal">Ethereum Staking Milestone: Record Levels Achieved</a> 
<a href="https://coin-turk.com/ethereum-parabolik-bir-ralliye-mi-hazirlaniyor" data-wpel-link="internal">Ethereum</a> has marked a significant development for its ecosystem as the amount of staked <a href="https://en.coin-turk.com/ethereum-eth-price-hits-7-month-low-data-indicates-3-year-low/" data-wpel-link="internal">ETH</a> has soared to historic levels. According to recent data, over 31.5 million ETH have been staked on <a href="https://en.coin-turk.com/important-on-chain-metrics-for-the-biggest-altcoin-according-to-market-value/" data-wpel-link="internal">Ethereum</a>‘s Proof of Stake (PoS) consensus layer, known as the Beacon Chain. 
<h2 style="text-align: justify" id="strong-26-of-total-eth-supply-staked-strong">26% of Total ETH Supply Staked</h2> 
Data provided by The Block indicates that approximately $115 billion worth of ETH, which is over 31.5 million units, has been staked on Ethereum’s Beacon Chain. This demonstrates the significant economic security of the Ethereum network. The increase in staked ETH corresponds to about 26% of the total supply and, according to the data, over 980,000 individual validators are maintaining the network’s integrity and stability. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-323058" src="https://coin-turk.com/wp-content/uploads/2024/03/Ethereum-ETH-Altcoin.png" alt="" width="803" height="602"> 
This substantial amount of staked ETH underscores Ethereum’s strong economic security and serves as a significant deterrent against potential network attacks. In PoS networks like Ethereum, economic security is crucial because it creates a challenging financial barrier for malicious actors who wish to compromise the network’s integrity. 
With Ethereum’s transition to the PoS consensus mechanism through The Merge, the importance of economic security has become even more pronounced. This concept is based on the idea that to carry out a successful attack on the network, an entity would need to control at least half of the total validator stake, which is $57 billion. Such a substantial financial requirement makes attacks economically impractical, protecting the network from malicious activities such as transaction reversals or double-spending attempts. 
<h2 style="text-align: justify" id="strong-participation-increases-with-shapella-update-strong">Participation Increases with Shapella Update</h2> 
The rise in the number of staked ETH is attributed to various factors, including the Shapella update in April 2023. This update allowed users and validators to withdraw their staked ETH, leading to a significant influx of over 11 million ETH post-upgrade. 
Additionally, the introduction of liquid staking solutions like Lido DAO and Rocket Pool has enabled the staking of amounts lower than the standard 32 ETH. This has facilitated stake participation by providing a more comprehensive pathway for using staked assets as collateral in decentralized finance (<a href="https://coin-turk.com/kimse-bunu-beklemiyordu-unlu-defi-projesinden-dikkat-ceken-duyuru" data-wpel-link="internal">DeFi</a>) protocols. 
Currently, Lido Finance validators, who control more than 31% of the total staked ETH, play a significant role. This indicates the growing adoption of liquid staking solutions within the Ethereum community, enhancing the accessibility and flexibility of staking mechanisms. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-staking-milestone-record-levels-achieved/" data-wpel-link="internal">Ethereum Staking Milestone: Record Levels Achieved</a></h5>

Ethereum Staking Milestone: Record Levels Achieved

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