CryptoSlate: $120B in Ethereum staking does not signal fresh buying
- —About $120B is staked in Ethereum, with $40.4B in L2 deposits as of Sept. 21
- —L2BEAT puts L2 total value secured at $34.34B, reflecting a different methodology
- —US spot ETH ETFs: +$121.1M on Sept. 14, -$454M on Sept. 15-17, +$143.7M on Sept. 18
- —Staking can be funded with existing ETH holdings rather than new purchases
Why it matters: Investors should separate ecosystem size from actual demand: rising staking and L2 deposits alone do not imply an ETH supply squeeze.
Source: TokenPost