📉 Volumes $ETH
on exchanges are decreasing against a backdrop of stable prices and growing staking
📊 The queue for validators in the Ethereum network is currently overloaded, with 3.6 million Ether waiting for staking, and an estimated waiting time of 63 days.
💰 The volume of Ether on exchanges has decreased from 12.31 million to 8.15 million over six months, despite stable price fluctuations ranging from $2,801 to $3,034.
🛡 Analysts at Santiment believe that with the continued interest in staking, supply on exchanges is likely to continue to decrease.
⚙️ The Ethereum network limits the number of validators that can enter and exit staking to maintain stability.
📅 The total amount of staked Ether has exceeded 36 million, which accounts for about 29% of the total supply, indicating growing confidence in the asset.
The current dynamics in the Ethereum network reflect a shift towards staking, as holders seek to participate in securing the network while the market remains relatively stable. This trend may continue, as more participants choose to lock up their Ether rather than trade it on exchanges.