Ethereum’s Shapella hard fork was a controversial upgrade that ignited fears of selling pressure. But the latest data tells a different story.
In January 2024, Intotheblock’s data revealed the highest Ethereum staking rate, reaching approximately 30 million ETH staked, accompanied by a staking participation rate of over 24%. This milestone suggested a preference for staking over promptly selling off tokens.
Ethereum locked-in staking keeps surging, while only 11% of the token supply is currently stored on centralized exchanges.
Analyzing the latest figures, it’s evident that the much-talked-about Ethereum upgrade, Shapella – enabling stakers to withdraw their coins for the first time since December 2020 – did not lead to the widespread unstaking as initially predicted.
Even with the introduction of the new feature enabling stakers to retrieve their tokens, the current staked amount stands at 29.13 million ETH, accounting for 24.2% of the total supply.
According to @intotheblo
We współpracy z: https://cryptopotato.com/ethereum-breaks-records-january-2024-staking-data-unveils-surge-to-30-million-eth/
