ETH staking ratio rises to 31%, continuing upward trend

The ratio of staked Ethereum (ETH) to its circulating supply has climbed to 31%, continuing its upward trend, Wu Blockchain reported. The figure had dropped to 26% at the start of the year before moving sideways around the 29% level. Wu Blockchain noted that this ratio reflects the confidence of long-term holders and is a factor in reducing the circulating supply. The firm added that the future expansion of spot ETH ETFs and the on-chain tokenization trend could attract institutional funds to the staking ecosystem. However, it explained that the reflection of these factors in ETH's price will depend on actual capital allocation by institutions.