Liquid Staking Tokens (LSTs) were seen gaining more prominence in the market as they overshadowed traditional ETH staking. However, the price action of ETH remained unchanged as it continued on its bullish trajectory.
, the current figures indicated that over 25.3 million ETH was deposited. The current deposit accounted for approximately 21.10% of the total ETH supply.
Liquid staking commanded a significant share of the market, representing over 28%. Additionally, the data revealed a continuous influx of new stakes, with over 1000 ETH staked as of this writing.Furthermore, on a daily timeframe, ETH displayed positive trends. As of this writing, it was trading around $1,900, showcasing a minor increase of less than 1% in value on top of the 5% surge witnessed on 21 June.had surpassed its short Moving Average . This previously served as a resistance level.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exhausted ETH bulls could soon face the followingIt appears that Ethereum's previously observed bullish momentum has run out of steam.
Read more »
Liquid versions of illiquid assets can pose problems for unwary retail investorsYou should buy private assets with the expectation that the money will be unavailable for the product\u0027s term. Read more from Tom Bradley
Read more »
Liquid versions of illiquid assets can pose problems for unwary retail investorsYou should buy private assets with the expectation that the money will be unavailable for the product\u0027s term. Read more from Tom Bradley
Read more »
How Lido managed to make the best out of regulatory crackdownThe SEC lawsuit against Coinbase led to a surge in ETH staked on decentralized protocols like Lido, boosting activity and revenue for the protocol.
Read more »
Move over, Bitcoin! Ethereum might be the next SoVDespite being primarily used as a medium of exchange (MoE) currently, ETH's usage has begun to shift towards a store of value.
Read more »
Two dead after transport truck 'exploded into fireball' on Hwy. 401 in Pickering: OPPTwo people are dead after a transport truck carrying a 'highly flammable' liquid lost control and exploded on Highway 401 in Pickering late Tuesday night.
Read more »