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.
Read CRYPTONEWSLAND onThe 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.
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