A RECORD HIGH OF OVER 4.1.7 MILLION ETHS IN TOTAL CIRCULATION

ON 11 AUGUST, DATA SHOWED THAT THE NUMBER OF ETH PLEDGES HAD RISEN TO AN ALL-TIME HIGH, WITH SOME 41.7 MILLION ETH CURRENTLY IN PLEDGE STATUS, ACCOUNTING FOR ABOUT ONE THIRD OF THE TOTAL SUPPLY OF ETH. AT THE SAME TIME, THE ETH PRICE HAS BEEN WEAK AND HAS FALLEN FROM AROUND $3,400 THIS JANUARY TO AROUND $1900, BUT THE SIZE OF THE PLEDGE CONTINUES TO GROW. THE MARKET ANALYSIS CONCLUDED THAT, AS THE NUMBER OF PLEDGES INCREASED, THE PLEDGE INCENTIVE MECHANISM WOULD NOT CEASE TO GENERATE GAINS, AND THAT THE CERTIFICATIONER WOULD CONTINUE TO RECEIVE INCENTIVES AND REINVEST PART OF THE PROCEEDS IN THE PLEDGE, CONTRIBUTING TO THE FURTHER EXPANSION OF THE PLEDGE ETH. THE CONTINUED INCREASE IN THE ETH PLEDGE RATIO SHOWS THAT LONG-TERM HOLDERS AND INSTITUTIONS ' CONFIDENCE IN THE SAFETY OF THE ETA NETWORK AND IN THE FUTURE ECOLOGICAL DEVELOPMENT IS GROWING, BUT A LARGE NUMBER OF ETH ENTRY PLEDGES MAY ALSO AFFECT MARKET MOBILITY。