@dszgfewqy
Post-Merge, ETH staking reached 33.8M ETH (25% of supply), exceeding the 30M target . Key drivers:
LSD adoption: Lido’s dominance (32% of staked ETH) lowers entry barriers .
Institutional demand: ETH ETFs added $12.4B in 2025, absorbing 15% of staked supply .
Price impact:
Scarcity: Annual issuance cut from 4.5% to 0.5% creates deflationary pressure .
Risks: A $3.8B unstaking queue in August 2025 could trigger short-term sell-offs .
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