Ethereum

2024

when

Rise

<ul>
 <li>ETH’s staking trend has decoupled from its price performance.</li>
 <li>At the time of writing, the price of ETH is $2,539, down 23.41% in the last 7 days.</li>
</ul>
The percentage of supply staked <a href="https://thenewscrypto.com/ronin-network-loses-9-8-million-in-eth-pauses-bridge/" target="_blank" rel="noopener noreferrer nofollow">ETH</a> hit a record high of 27.95%. This follows a little decline two weeks earlier, on July 21, when it fell from 27.58% to 26.82%—a decline of 0.76%. Not only has it recovered since then, but it has also exceeded its prior records. Significantly, there has been a 1.9% rise in the proportion of ETH staked since the debut of the ETH ETFs.
It is worth noting that ETH’s staking trend has decoupled from its price performance, which is comparable to the pattern in the Bitcoin network’s transaction count. At the time of writing, the price of ETH is $2,539, down 23.41% in the last 7 days as per data from <a href="http://coinmarketcap.com" target="_blank" rel="noopener noreferrer nofollow">CMC</a>. But the percentage of ETH staked has gone up by almost 2%, from 26% to about 28%.
<h3 class="wp-block-heading" id="h-steady-rise">Steady Rise</h3>
Considering there are 120.25 million ETH in circulation at the moment, a 2% rise in staked ETH is now worth almost $7 billion. The effects on restaking and liquid staking protocols are a direct outcome of the steadily rising amount of ETH staked.
At the time of writing, the TVL of the liquid staking industry was $52.27 billion, up 60% from $32.68 billion at the beginning of the year. Surprisingly, the liquid restaking sector’s TVL increased from $1.34 billion to $18.65 billion, a growth of more than 1,200% in the same time frame.
Among the best achievers, <a href="https://thenewscrypto.com/eigenlayer-introduces-whitelist-security-to-safeguard-against-attacks/" target="_blank" rel="noopener noreferrer nofollow">Eigenlayer</a> stands out with a TVL that increased from $1.4 billion in January 2024 to $15.97 billion in July, more than tenfold growth.
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Ethereum (ETH) Staking Hits Record High Amid Recent Market Decline

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