Ethereum’s total staked supply reached a new record of 41.4 million ETH, representing roughly 34% of total supply, with 1.4 million ETH additionally locked in staking during the past week alone. Major players like Tom Lee’s BitMine and whales have massively staked their ETH, reducing available supply on the market. Daily spot trading volume fell to around $15 billion, its lowest level of the year, while the stablecoin market recorded its worst quarterly performance with a 1.6% decline and over $6 billion in liquidity exiting the crypto market. Despite this backdrop, ETH is up more than 18% this quarter, suggesting Ethereum could become a key barometer for broader crypto market performance.
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