Staked Ethereum Nears 36 Million While Buterin Calls For Practical Apps

Staked Ethereum has nearly reached 36 million, about 30% of its circulating supply, valued at over $119 billion. Staking increased from 35.5 million since January, despite a 30% price drop since August.

The unstaking queue is zero, while the staking queue is at 2.5 million ETH, indicating strong long-term confidence in the network.
Institutional interest and large staking services contribute significantly to this growth.
Increased staking enhances the protocol’s security profile, maintaining high demand for on-chain commitments.

Infrastructure Readiness According to Buterin

Ethereum founder Vitalik Buterin emphasizes that the infrastructure is ready, with proof of stake operational, lower transaction costs, and effective scaling solutions like ZK-EVMs and Layer 2s.

Buterin encourages developers to move beyond theoretical experiments and deliver practical applications.
He highlights the "walkaway test," ensuring decentralized apps function independently of their operators.
Criticizes centralized consumer devices, advocating for tools that users fully own and control.

Outlook

36 million staked ETH reflects investor belief in Ethereum’s future despite recent price declines.
Developers are urged to create usable, user-friendly applications to drive adoption.
The combination of a secure chain and practical applications could enhance broader use.