NEWSLETTER
The percentage of ethereum supply (eth) station It is still a favorite option.
ethereum percentage fallen status from the November peak
According data From Dune Analytics, the proportion of eth is staked on the network has decreased to 27.6%, a decline of its 29% peak recorded in November 2024. At the time of the publication, a total of 33.5 million eth is committed to the ethereum Network.
ethereum Staking was introduced together with the launch of the Beacon chain in December 2020, allowing investors to obtain rewards while ensuring the network. Over time, eth Staking has gained traction, with important cryptocurrency exchanges such as Binance, Kraken and others that offer rethinking services to its users.
In addition, the rethinking led to the emergence of a new vertical market known as derivatives of liquid bets (LSD). Currently, the LSD market is dominated by Lido (LDO), which orders almost 69% of the total market share. Follow the commitment to Binance, maintaining approximately 15% of the LSD sector.
However, from Donald Trump's victory In the presidential elections of the United States of November 2024, the regulatory landscape has changed, creating an environment that can encourage The entry of new rethinking protocols, intensifying competition in the LSD space.
That said, there are concerns about the high concentration of the LSD market commanded by Lido, which probably increases even more if the rethinking percentage eth continues to decrease. A single LSD protocol that has so much influence on the rethinking ecosystem could run against the spirit of decentralization of ethereum.
Is eth losing its charm?
Despite being the second largest digital asset with a market capitalization exceeding $ 327 billion, ethereum seems to be losing the favor among large investors that may be looking for better yields in alternative blockchain ecosystems.
For example, data Defillama shows that the total blocked value (TVL) in the decentralized financing ecosystem (defi) of Solana (Sol) increased from approximately $ 4.5 billion in September 2024 to up to $ 11.3 billion in January 2025. This rapid growth It was greatly fed by Memecoin Frenzy that took over the Solana ecosystem throughout 2024.
Meanwhile, Google Trends Data indicates A remarkable decrease in the search interest related to ethereum, which falls from 87 in November 2024 to 41 at the time of writing. This trend suggests that eth may be losing traction, particularly compared to competitors such as Sol, Sui and XRP, who have experienced more dynamic price movements during the past year.
Recent data on the chain too suggestions that eth can be falling out of favor among cryptographic 'whales'. At the time of publication, eth is traded at $ 2,712, 2.8% more in the last 24 hours.
Unsplash.com, Google Trends and TrainingView.com graphics
