Staked Ether Hits Record, Driven by Corporate Crypto Treasury Adoption
Despite another week of downside for the cryptocurrency market, the staked Ether supply reached a new all-time high, meaning over 28% of the token’s supply is now locked in exchange for passive income.
A growing staked Ether (ETH) supply indicates that more investors are preparing to hold their tokens, instead of selling at current prices.
Meanwhile, publicly-traded companies continue establishing corporate cryptocurrency reserves, signaling increased institutional adoption of digital assets beyond Bitcoin (BTC).
On Thursday, Nasdaq-listed Lion Group Holding (LGHL) announced plans to establish a $600 million crypto treasury reserve, with the Hyperliquid (HYPE) token as its main asset.
The Singapore-based trading platform will deploy its…
