Staked Ethereum surpasses 16M, over 70% stakers at a loss

The magnitude of staked Ethereum (ETH) has risen by 18% to implicit 16 cardinal since the web completed its modulation to a proof-of-stake (PoS) web past year, according to CryptoSlate data.

The 16 cardinal staked ETH equates to astir 13.28% of ETH’s full proviso — worthy $22.42 cardinal —  500,213 full validators and 87,121 chiseled depositor addresses, according to Dune analytics data.

Lido is the ascendant staking platform

Lido is the ascendant staking platform, controlling 29.08% of staked Ethereum. Around 4.65 cardinal ETH — worthy $6.8 cardinal — person been staked done it, according to the offical Lido website,

Other apical staking platforms — including centralized exchanges (CEXs) similar Coinbase, Kraken, and Binance — clasp astir 26.7% of staked Ethereum, according to Dune analytics data.

Cumulatively, the apical 4 ETH staking platforms power 55.78% of staked Ethereum.

72% of staked ETH astatine a loss

Currently, 71.7% of Ethereum stakers are astatine a nonaccomplishment successful presumption of staked ETH holdings leaving lone 28.3% presently successful profit.

Stakers successful profits staked their coins erstwhile ETH was trading astatine astir $1300, shown successful the illustration below.

Source: Dune Analytics

With ETH trading astatine implicit 70% beneath its all-time precocious (ATH), crypto investors who staked their plus astatine the ATH person been deed astir arsenic the carnivore market.

Staked ETH has gained attraction successful airy of the upcoming Shanghai update which volition let stakers the quality to retreat their staked ETH.

The station Staked Ethereum surpasses 16M, implicit 70% stakers astatine a loss appeared archetypal connected CryptoSlate.