Since April 13, after the activation of the Shapella hard fork on the Ethereum network, the volume of ETH in staking has increased by 4.4 million coins.
In total, 22.5 million ETH are locked in the blockchain – about 18% of the entire asset supply.
According to the dashboard Dunethe net inflow of funds to the deposit contract since the activation of the update has reached 1.74 million ETH.
“The surge in demand for staking is likely coming from large Ethereum holders. They prefer not to liquidate their assets, seeking to earn passive income. This trend is expected to continue, especially as deflationary forces are likely to lift the price of ETH significantly,” Bitfinex analysts said in an interview with CoinDesk.
The Lido Finance protocol accounts for 31.64% of the coins locked in staking, followed by the Coinbase exchange with 10.9%.
According to Token Unlocks, at the time of writing, 812 out of 655,158 validators are waiting to withdraw assets totaling 32,860 ETH. According to the platform, the expected annual return on staking is 8.66%.
Recall that on May 15, Lido opened the withdrawal of Ethereum from staking, deploying the second version of the protocol.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
Since April 13, after the activation of the Shapella hard fork on the Ethereum network, the volume of ETH in staking has increased by 4.4 million coins.
In total, 22.5 million ETH are locked in the blockchain – about 18% of the entire asset supply.
According to the dashboard Dunethe net inflow of funds to the deposit contract since the activation of the update has reached 1.74 million ETH.
“The surge in demand for staking is likely coming from large Ethereum holders. They prefer not to liquidate their assets, seeking to earn passive income. This trend is expected to continue, especially as deflationary forces are likely to lift the price of ETH significantly,” Bitfinex analysts said in an interview with CoinDesk.
The Lido Finance protocol accounts for 31.64% of the coins locked in staking, followed by the Coinbase exchange with 10.9%.
According to Token Unlocks, at the time of writing, 812 out of 655,158 validators are waiting to withdraw assets totaling 32,860 ETH. According to the platform, the expected annual return on staking is 8.66%.
Recall that on May 15, Lido opened the withdrawal of Ethereum from staking, deploying the second version of the protocol.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!