$ETH: 3767$ Congrats to everyone who’s been holding and consistently DCA’ing into $ETH. It hasn’t been easy, but the thesis is starting to play out and the onchain data reflects it. Right now, about 29.15% of ETH supply is staked, that’s 36M ETH, backed by over 1.1M validators. Some might see this as a saturated market. I don’t. To me, this figure still leaves room for structural upside. ▸ Lido holds ~25% market share of all staked ETH ▸ Binance, Coinbase, Kraken remain dominant among CEX stakers ▸ Net staking flow post-Shanghai: +17.8M ETH, a clear directional trend But there’s an important nuance: ETH ETFs which now collectively hold ~4.8M ETH are not staking yet. This isn’t necessarily a flaw. It’s a regulatory constraint, made explicit in their filings. But if this changes (as we've seen with some Solana funds abroad), it would introduce a new source of passive staking demand. I’m not saying this will happen tomorrow. But it’s a scenario worth tracking, one that could shift ETH’s staking ratio significantly over time. So no, this isn’t a sudden unlock or guaranteed catalyst. It’s a slow-moving dynamic that reflects how Ethereum’s financial primitives are maturing, across staking, settlement, and yield layers. I continue to hold and allocate accordingly. Not out of hype, but because I believe $ETH is becoming something more foundational than just another token: → A programmable asset with monetary depth, institutional buy-in, and increasingly, infrastructure-level utility.