After the major upgrade to the Ethereum (ETH) ecosystem launched in mid-April that enabled investors to withdraw their staked ETH, the staking returns on the second-largest cryptocurrency by market cap have reached record highs.
Indeed, the Ethereum staking annualized rate of return, or the interest rate for running an ETH validator, at press time, stood at 8.76%, which is a historical high since the Shanghai update introduced staking withdrawals, according to the latest data retrieved from analytics platform Token Unlocks on May 15.
Specifically, since the implementation of unstaking on the Ethereum network, investors have deposited 3.44 million ETH into ETH 2.0 contracts, whereas they have withdrawn 2.67 million ETH at a net pledge of 770.70k ETH (worth around $1.41 billion), as the recent information shows.
Historical Ethereum statistics. Source: TokenUnlocks
Also called ‘Shapella,’ the recent development on Ethereum’s blockchain has not only allowed the unlocking of billion
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