- Ethereum staking’s annualized rate of return has hit a historical high of 8.6%.
- The Shanghai upgrade has led to 3.4 million ETH deposited and 2.67 million ETH withdrawn from ETH2.0 contracts.
- The stETH APR has also reached an all-time high of 8%.
Ethereum staking has hit a new peak, with its annualized rate of return skyrocketing to 8.6%, as per data from Token Unlock. This rate of return has never been seen before, marking a historic high in Ethereum’s staking performance.
The surge in staking returns can be traced back to the recent Shanghai upgrade. Since this pivotal event, a staggering 3.4 million ETH has been deposited into ETH2.0 contracts. Although there have been sizable withdrawals amounting to 2.67 million ETH, the net pledge still stands robust at 734.92k ETH, equivalent to roughly $1.4 billion.
The ripple effects of the Shanghai upgrade and the subsequent staking activities have not been limited to Ethereum alone. In fact, the stETH APR (Annual Percentage Rate) has also been pushed to an all-time high, reaching 8%.
While Ethereum continues to break new grounds, it’s important to keep in mind the inherent risks involved in crypto staking. Stakeholders are urged to stay updated with market trends and make informed decisions.
Recommended News :
Crypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.