news 
**Investors Flock to Staking, With Over 29% of Ethereum Supply Already Locked Up**
The cryptocurrency market has been experiencing significant changes in recent times, and the latest trend is the increasing popularity of staking. According to Dune Analytics data, over 29% of the total Ethereum supply, or approximately 35 million ETH, has already been staked by investors.
This rapid growth in staking is attributed to the decreasing supply of available Ethereum tokens, which is causing a surge in investment and trading activities on the platform. As a result, it seems that investors are choosing to stake their assets rather than sell them, as the current market conditions do not support massive selling.
In addition, institutional investors are showing no signs of slowing down, with billions of dollars still flowing into Ethereum despite the sharp decline in its price over the past year. This is evident in the fact that American spot ETFs now hold a staggering $10.5 billion worth of ETH, which is roughly 3% of the total market capitalization.
The staking trend has been seen as a significant shift in the cryptocurrency market, with many users choosing to participate in staking instead of trading. This change in user behavior can be attributed to the increasing adoption rate and the growing popularity of Ethereum-based decentralized finance (DeFi) applications.
In conclusion, the recent data suggests that investors are not willing to give up on Ethereum, even amidst a sharp decline in its price.
Source: www.bitcoinbazis.hu
