The Shapella upgrade in Ethereum has increased staking. Despite withdrawal transactions, institutions are showing interest.
- Following the Shapella upgrade in Ethereum, staking value reached a record high.
- Institutional and large investors continue to use staking services.
The Shapella upgrade in Ethereum has increased staking. Despite withdrawal transactions, institutions are showing interest.
Staking Increases Following Shapella in Ethereum!
The long-awaited Shanghai upgrade in the Ethereum (ETH) ecosystem has finally happened. Following this upgrade, which enabled the withdrawal of staked ETH, staking activity on the platform not only saw an increase, but also recorded record-breaking results.
According to the data dashboard created by digital asset investment company 21Shares and acquired by CoinOtag in April, the Ethereum network received 571,950 ETH entries in the week of April 17.
ETH Staking Activities
Specifically, according to the graph, staking activity has visibly increased in recent weeks and recorded the highest daily number on April 24 (126,080 ETH staked)
Continue Reading: https://en.coinotag.com/institutional-investors-flock-to-ethereum/