The number of Ethereum (ETH) staked has increased by 4.4 million since the Shapella update.
Ever since Ethereum (ETH) performed its Shapella upgrade on April 12, interest in Ethereum staking has been growing steadily. According to data published by Glassnode, more than 4.4 million coins have been deposited in the staking contract since April 12, with the number reaching 22.58 million. Commenting on the matter, analysts said, “The increase in staking demand is likely due to large Ether holders who do not prefer to liquidate their assets and instead try to generate passive income.” said.
Analysts Talk About Etheruem Staking Transactions
Ethereum, which attracted great attention before Shapella, continues this interest with staking transactions. Analysts commented on Ethereum, referring to staking as follows;
This trend is expected to continue, especially given that deflationary forces are expected to increase the Ethereum price significantly. The increase in demand for staking is likely due to large Ether holders who do not prefer to liquidate their holdings and instead seek to generate passive income.
Event interest in Ethereum staking triggered the price of ETH, bringing an 8 percent increase. ETH, which came from $ 1,738 to $ 1,872 after the first week of May, continues to push altcoins upwards.
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