Staked ETH surpasses 50% of total supply for first time

The amount of staked Ethereum (ETH) has surpassed 50% of the total supply for the first time in the network's history, on-chain analytics firm Santiment reported. As of Feb. 16, 50.18% of all ETH was locked in staking contracts. Santiment noted that with staking participation on a continuous rise, the amount of staked ETH is likely to increase further if trading activity slows during a bear market. According to CoinMarketCap, ETH is currently trading at $2,018.24, up 3.14%.