Sharplink, the second-largest Ethereum digital assets treasury company, hit 21,119 ETH in total staking rewards this week after adding another 529 ETH. The milestone occurred as ETH's value fell by nearly 30% over the previous month, with the altcoin trading at $1,634.58 at press time.
Ethereum Validator Queues Show Entry Outpacing Exit in June
Ethereum's validator queues in June highlighted a staking environment that remained strong despite cooling down. The Entry queue gradually shrank from about 3.2 million ETH towards the beginning of the month to about 3 million ETH by 09 June, indicating that although demand for new staking was still high, the spike that occurred in late April and early May had started to subside.
The Exit line remained close to zero for the majority of the month, with only a brief hike in late May that lasted into early June before rapidly diminishing. This indicated that validators continued to prefer staking over withdrawing.
Ethereum Staking Supply Reaches New High in June
The total amount of Ethereum staked increased gradually from about 39.1 million at the start of June to over 39.25 million by 09 June, marking a new high for the timeframe. At the same time, the percentage of Ethereum's circulating supply that was locked in staking increased from about 32.1% to more than 32.2%.
The steady uptick indicated that more Ethereum owners kept their holdings in staking rather than selling or keeping them liquid. This trend lowers the quantity of ETH that may be easily accessible on the market.
Sharplink Staking Rewards Trail Bitmine Holdings
Sharplink added 422 ETH to its staking rewards over the previous week. On the other hand, Bitmine Immersion Technologies has staked 4,718,677 ETH, equivalent to $7.7 billion at $1,630 per ETH. Bitmine's total ETH holdings climbed to 5,543,872 ETH worth $9.06 billion.
FAQ
How much ETH staking rewards has Sharplink accumulated?
Sharplink has accumulated 21,119 ETH in total staking rewards after adding 529 ETH this week.
What percentage of Ethereum's supply is currently staked?
As of 09 June, more than 32.2% of Ethereum's circulating supply was locked in staking, up from about 32.1% at the start of the month.
