$ETHThe reported 50.18% staking share is disputed, with CoinShares pegging active staking at closer to 30.8% with deposit-only contract data.
summary
- Santiment says 50.18%. $ETH Supply (approx. 80m) $ETH) is in the staking deposit agreement and has crossed the symbolic 50% threshold for the first time.
- CoinShares’ Luke Nolan said the numbers were “inaccurate or grossly misleading” and noted that the contracts only recorded deposits and ignored withdrawals.
- Active staking is close to 37m $ETHUsing Ethplorer and CryptoQuant validator data, this represents approximately 30.8% of the circulating supply.
A dispute has arisen among blockchain analysis companies over the accuracy of Ethereum staking data, with analysts divided on whether staking amounts exceed 50% of the cryptocurrency’s total supply.
On-chain analytics company Santiment is an Ethereum ($ETHAccording to recent analysis, staking volume exceeded 50% of total supply for the first time. The company reported that 50.18% of the total Ethereum supply was recorded in staking deposit contracts.
CoinShares analysts disputed Santiment’s findings, saying the numbers were misleading, according to CoinDesk. Analysts said the reported percentages do not accurately reflect the amount of active staking on the network.
Luke Nolan, a senior researcher at CoinShares, said the data was either inaccurate or grossly misleading. He explained that Ethereum staking deposit contracts only accumulate deposit records and do not process withdrawal data.
You may also like: Sui price holds support at $0.93 as Grayscale & Canary SUI ETF goes live. Will the next breakout be at $1.20?
Nolan said the approximately 80 million ether reported by Santiment represents an accumulated deposit record rather than an actual balance. He said this figure does not include withdrawals from staking agreements.
According to CoinShares analysis, the amount of active staking contributing to network security is estimated to reach approximately 37 million Ether, or 30.8% of the supply.
According to reports, other analysts also claim that the staking rate is around 30% instead of 50%.
read more: With multiple bullish patterns emerging, will Pi Network’s price rally continue through its one-year anniversary?
