US debt ceiling, declining trust in banks send ETH staking to record highs

by WorldFinance 4 months ago

written by WorldFinance 4 months ago 0 comment 1 minutes read

The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, approximately 2.46% of the total supply.

The amount of ETH staked in May does not include withdrawals and is more than twice as big as the second-highest amount registered in February 2022.

Monthly amount of staked Ether since November 2020. Source: Dune

Monthly ETH deposits by staking entities. Source: Twitter