Ethereum Staking Sees Record Weekly Inflows Worth Over $1 Billion – What Next for the Ether (ETH) Price?

In a record week for Ethereum staking, investors moved over 570,000 Ether (ETH) tokens into the blockchain’s staking smart contract last week, according to a Dune analytics dashboard.

That’s over $1 billion worth of Ether tokens and marked the fastest weekly pace of ETH deposits into the staking contract ever.

Given the total ETH supply of 120.4 million, the staked Ether current participation rate is only around 15.9%.

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