One sentence summary – The Ethereum ecosystem has experienced a surge in ETH staking, reaching a record 26.5 million, attributed to the Shapella upgrade and the transition to Proof-of-Stake, with over 800,000 validators participating, indicating growing interest and confidence in Ethereum’s staking ecosystem, despite a short-term realized loss for validators.
At a glance
- The Ethereum ecosystem has reached a record 26.5 million ETH staked.
- The increase in staking activity is attributed to the Shapella upgrade, which introduced flexibility in unstaking and staking.
- The Ethereum Merge transitioned the blockchain from Proof-of-Work to Proof-of-Stake, leading to a rise in validators.
- Lido Finance holds a 32.42% market share in the liquid staking sector.
- The ETH stakers’ realized value is 27.51 billion, indicating significant investment and commitment in the Ethereum staking community.
The Ethereum (ETH) ecosystem has seen a significant surge in the number of ETH staked, reaching a record 26.5 million on September 6, 2023.
This increase in staking activity is largely attributed to the recent Shapella upgrade.
The Shapella upgrade introduced the flexibility of unstaking and staking at any time.
The ongoing Ethereum Merge has also played a crucial role in the increased ETH staking.
The Ethereum Merge transitioned the blockchain from Proof-of-Work to Proof-of-Stake.
Since the transition to Proof-of-Stake, the Ethereum network has seen a significant rise in the number of validators.
The number of validators has surpassed the milestone of 800,000.
This growth in validator participation demonstrates the network’s resilience and attractiveness for those seeking to secure the Ethereum blockchain.
Alongside the rise in staking activity, there has been a surge in liquid staking.
Lido Finance has emerged as a prominent player in the liquid staking sector, boasting a 32.42% market share.
Other notable projects such as Rocket Pool, Binance, and Coinbase have also increased their participation in staking.
This increased participation indicates growing interest and confidence in Ethereum’s staking ecosystem.
The ETH stakers’ realized value has surged to an impressive 27.51 billion.
The realized value captures the average price at which the entire ETH staking supply moved on-chain.
This reflects the overall value of the ETH staked by validators.
It also highlights the scale of investment and commitment within the Ethereum staking community.
However, the ETH stakers’ 365-day Market Value to Realized Value (MVRV) currently stands at -9.76%.
This indicates a realized loss for validators in the short term.
The loss could potentially be due to market fluctuations or other factors.
Despite this, the situation presents a potential opportunity for increased deposits if the value of ETH rallies in the future.
Ethereum’s transition to Proof-of-Stake, combined with the flexibility introduced by the Shapella upgrade, has led to a significant increase in ETH staking.
Over 26.5 million ETH is currently staked.
More than 800,000 validators are participating in the Ethereum ecosystem.
The Ethereum ecosystem is witnessing remarkable growth and ongoing innovation.
As liquid staking gains traction and various projects actively participate in staking, the Ethereum network is poised for further expansion.
Potential value appreciation for validators could be on the horizon as the Ethereum network continues to expand.
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|– The number of Ethereum (ETH) staked reached 26.5 million on September 6, 2023.
|The increase in staking activity was due to the Shapella upgrade, which allowed for unstaking and staking at any time.
|The Ethereum Merge, which transitioned the blockchain from Proof-of-Work to Proof-of-Stake, also contributed to the rise in ETH staked.
|The number of validators has crossed the 800,000-mark since the transition to Proof-of-Stake.
|– Liquid staking activity has increased, with Lido Finance boasting a 32.42% market share in the sector.
|– Other projects such as Rocket Pool, Binance, and Coinbase have also increased their participation in staking.
|The ETH stakers’ realized value, which captures the average price at which the entire ETH staking supply moved on-chain, has increased to 27.51 billion.
|The ETH stakers’ 365-day Market Value to Realized Value (MVRV) is down to -9.76%, indicating a realized loss for validators but also a potential opportunity for increased deposits if ETH’s value rallies in the future.