质押 ETH 占比升至 31% 与价格走势背离,链上信心持续增强

ChainCatcher 消息,尽管 ETH 价格年内下跌约 26%,但以太坊质押比例已从年初的 29% 升至约 31%,显示出长期持有者无视价格疲软与链上风险,持续减少流通供应量。历史数据显示,在流动供应紧缩的背景下,一旦需求出现实质性复苏,将对价格形成有利支撑。
与此同时,Lido 等流动性质押协议大幅降低了参与门槛,使质押群体从专业验证者扩展至更广泛的零售与机构用户。分析指出,随着现货 ETF 产品成熟及以太坊上 RWA 代币化活动规模扩大,机构对质押 ETH 的需求可能为质押生态带来结构性资金流入。
尽管 ETH 价格表现不佳,但以太坊在 RWA 结算、DeFi 基础设施及 Layer 2 活动中的核心地位仍在巩固,价格能否反转或将取决于机构资本从叙事转向实际配置的速度。
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