Opinion: Roughly 14% of Ethereum's supply is going to begin unlocking in March. Here are some things to keep in mind as you ponder what that means for the price of ETH.
Source: DeFi Llama
Additionally, many ETH stakers bought the token during the bull run when prices hit a top of $4,500. But with the current price hovering around $1,600, it is unlikely that current stakers will sell at a loss. With MEV-boosted rewards sitting close to 7% and a positive outlook on a market price increase due to deflationary tokenomics, we expect to see a significant inflow into ETH staking.
In 2022, Ethereum saw a 178% increase in developer activity for programming libraries, reaching 1.5 million downloads. Despite the market being down, developers have ramped up real-world solutions and continue to build smart contracts on Ethereum at a blistering pace, hitting 4.6 million deployments for Q4 2022.The success of switching Ethereum from proof-of-work to proof-of-stake should not be understated as an incredible achievement.
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