The supply of Ethereum exchange has decreased, and the total amount of pledged tokens has exceeded 36 million

According to Cointelegraph, during the sideways consolidation of Ethereum prices, the supply of ETH on the exchange continued to decrease, and holders still actively participated in staking. According to Santiment data, the stock of ETH on the exchange has decreased to 8.15 million since reaching a high of 12.31 million in July 2025. Analysis suggests that the main reason for the decrease in supply is the increase in demand for collateral, against the backdrop of slowing market volatility. The current total amount of Ethereum staking has exceeded 36 million, accounting for about 29% of the circulating supply. The number of ETH waiting in line for staking has reached 3.6 million, and the expected waiting time is about 63 days. Bitmine has pledged over 2.5 million ETH, accounting for approximately 61% of its total holdings.