Ethereum Staking Hits Record 35 Million ETH, Locking 28% of Supply

The amount of ether locked in Ethereum’s proof-of-stake network has surpassed 35 million tokens, an all-time high that represents about 28 % of the cryptocurrency’s circulating supply. More than 500,000 ETH were added in the first half of June alone, according to on-chain data aggregators.

Investor accumulation has accelerated: addresses with no prior sales now hold a record 22.8 million ETH. On 12 June, staking inflows hit 871,000 ETH, the largest single-day addition since 2018, and whale wallets have continued to add more than 800,000 tokens a day for nearly a week.

Separately, crypto trading platform Backpack Exchange said it has enabled deposits and withdrawals for ether and USD Coin on the Optimism layer-2 network, expanding access to lower-cost transactions for users.

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