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What you need to know as Ethereum staking reaches new highs

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Ethereum's staking soars, breaching all-time highs, while exchange inflows wane. Lido Finance's meteoric rise sparks Ethereum's security debate.

staked has reached a record high of approximately 29.4 million ETH. This is not the first time we have seen such a milestone, as the staking contract has frequently reached highs since the inception of ETH staking.

At the time of this writing, the total stakes had surged even further, surpassing 30 million ETH, according to Glassnode.Furthermore, a closer examination of new ETH stakes highlighted a consistent influx of ETH into the staking ecosystem. While daily staking activity may have exhibited a slight decline as of this writing, there continued to be a steady stream of new ETH stakes coming in.staking, a noticeable trend has been the reduction in the inflow of ETH to exchanges.

At the time of this writing, the exchange netflow metric showed a positive balance of over 7,000 ETH, but the preceding days had seen dominant outflows.available on exchanges. According to a chart from Santiment, the supply on exchanges has experienced a significant decline over the past few months. As of this writing, the supply on exchanges was around 10.7 million ETH, a level not observed in nearly five years.

 

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