Ether holders are rushing to stake their tokens with network validators. This has pushed the deposit activity to the highest level since the Shapella upgrade last month.
In fact, the total volume of crypto-asset staked has exceeded 20 million.
The latest milestone comes a month after the much-anticipated Ethereum Shanghai upgrade that brought a record-breaking weekly inflow of Ether deposits for staking.
“It has only been a month since Ethereum’s Shapella Upgrade. Since then, the total volume of $ETH staked has surpassed 20 million.”
Shanghai enabled the withdrawal of tokens previously locked up in staking contracts for the first time – a crucial step after last year’s Merge to complete the network’s transition to validating transactions through staking from an “energy extensive” mining-based system.
Such an influx appears to have been fueled by institutional staking service providers and investors reinvesting rewards after withdrawal.
An Ethereum whale, identified as a
We współpracy z: https://cryptopotato.com/1-month-after-shapella-staked-ether-eth-exceeds-20m/
