Ethereum

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<li><strong>Ethereum staking reaches a new all-time high of 19.3 million ETH after the Shapella upgrade.</strong></li>
<li><strong>Kraken and Coinbase are responsible for over 78% of principal withdrawals from Ethereum staking, but decentralized staking providers are gaining traction.</strong></li>
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<h2 id="ethereum-staking-hits-new-high-post-shapella-upgrade">Ethereum Staking Hits New High Post-Shapella Upgrade</h2>
<p>Contrary to some predictions of a large Ethereum sell-off after the <a href="https://www.ethnews.com/ethereums-shanghai-upgrade-spurs-record-breaking-inflow-of-eth-deposits-for-staking/">Shapella upgrade</a>, Ethereum staking has reached a new milestone. Over 19.3 million Ethereum have now been deposited into the Ethereum staking contract, indicating that investors have more trust in Ethereum after the successful upgrade.</p>
<p>This development, along with other key statistics, illustrates the growing popularity of Ethereum staking and what it means for the second-largest cryptocurrency after Bitcoin.</p>
<h2 id="kraken-dominates-ethereum-staking-but-decentralized-providers-gain-traction">Kraken Dominates Ethereum Staking, but Decentralized Providers Gain Traction</h2>
<p>According to on-chain data from Nansen, Kraken and Coinbase are currently responsible for 78.3% of all principal withdrawals from <a href="https://www.ethnews.com/raiffeisenlandesbank-and-bitpanda-partner-to-bring-bitcoin-and-ethereum-to-european-traditional-banking-a-digital-investment-pioneer/">Ethereum staking</a>, with Kraken alone accounting for 64.1% of the total. This is due to the recent SEC crackdown on Kraken&#8217;s staking service, which has prompted many users to withdraw their Ethereum.</p>
<p><img decoding="async" loading="lazy" class="size-full wp-image-19028 aligncenter" src="https://www.ethnews.com/wp-content/uploads/2023/04/ETH-staking.png" alt="" width="808" height="380" srcset="https://www.ethnews.com/wp-content/uploads/2023/04/ETH-staking.png 808w, https://www.ethnews.com/wp-content/uploads/2023/04/ETH-staking-300x141.png 300w, https://www.ethnews.com/wp-content/uploads/2023/04/ETH-staking-768x361.png 768w, https://www.ethnews.com/wp-content/uploads/2023/04/ETH-staking-696x327.png 696w" sizes="(max-width: 808px) 100vw, 808px" /></p>
<p>However, the data also shows that decentralized staking providers like Lido, Rocket Pool, and Ether.fi are gaining traction among users who are looking for alternatives to centralized exchanges.</p>
<p>The fact that more and more investors are staking their ETH and net deposits into staking are higher than withdrawals, <a href="https://www.ethnews.com/is-ethereum-founder-vitalik-buterin-responsible-for-the-crypto-crash-tron-founder-justin-sun-knows-the-reason/">indicates</a> that the confidence of investors in Ethereum remains strong. Despite regulatory challenges, such as the SEC&#8217;s lawsuit against Kraken, the high interest in Ethereum staking persists.</p>
<p>The new milestone of 19.3 million ETH staked underscores the growth potential of Ethereum, as more users realize the benefits of staking for long-term gains.</p>
<div class="cryptoboxes" id="mcw-12523" data-realtime="on"><div class="mcw-chart mcw-chart-light" data-font = "inherit" data-chartcoin = "ETH" data-chartcurrency = "USD" data-chartrate = "1.000268" data-charttype = "chart" data-chartview = "day" data-charttheme = "light" data-chartsmooth = "true" data-chartareacolor = "" data-chartbgcolor = ""></div></div>
<p>The post <a rel="nofollow" href="https://www.ethnews.com/ethereum-staking-reaches-record-high-over-19-3m-eth-staked-after-shapella-upgrade/">Ethereum Staking Reaches Record High: Over 19.3M ETH Staked After Shapella Upgrade</a> appeared first on <a rel="nofollow" href="https://www.ethnews.com">ETHNews: Bringing you the news of everything blockchain, Ethereum, and the internet.</a>.</p>

Ethereum Staking Reaches Record High: Over 19.3M ETH Staked After Shapella Upgrade

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