Ethereum Staking Dominates Supply While Bhutan Embarks on Blockchain Identity Initiative

Ethereum’s staking activity significantly influences its supply, currently accounting for 29.39% of the total amount. This is further bolstered by Ethereum spot ETFs holding 5.66% and Data Tokens (DATs) securing a smaller portion at 4.88%. Together, they contribute to 39.93% of the overall supply. Bhutan recently unveiled plans for a national digital identity system utilizing the Ethereum blockchain. Notably, Bhutan currently holds no ETH in its reserves, indicating a potential future entry into the Ethereum market to build up these holdings.