Pledge ratio of ETH supply reaches record high of 27.95 per cent

According to the data, pledges of ETH supply reached an all-time high of 27.95 per cent, an increase of 1.9 per cent since the launch of the Spot Ether ETF. Furthermore, since ETH reached a high of around $4,090 in March, its price has declined by around 30 per cent, yet the ETH pledge ratio has increased by around 2 per cent, from 26 per cent to almost 28 per cent, over the same period. So far this year, TVL in the liquidity pledge space has grown by 60 per cent, from $32.68 billion to $52.27 billion. TVL in the liquidity repledging space has increased by more than 1,200 per cent over the same period, from $1.34 billion to $18.65 billion.