Ethereum Staking Reaches $16.16 million ETH Ahead of Shanghai Upgrade

Ethereum Staking Reaches $16.16 million ETH Ahead of Shanghai Upgrade


According to Glassnode on-chain data, Ethereum staking has reached an all-time high of 16.16 million ETH worth $26.41 million, which has been deposited into the beacon chain. In other words, 16.101 million ETH have been staked on the Ethereum proof of stake beacon chain, as indicated by Glassnode on-chain data.  

The 16 million ETH figure consists of over 13.28% of the total Ether supply and represents $22.38 billion at current prices.

As per the data, out of the 16 million ETH staked, about 11.408 million ETH  have been staked through staking services providers such as Lido, Coinbase, and Kraken, among others – representing 70.86% of the total staked on the Beacon chain. According to the data, Lido dominates ETH staking with 29.3%, Coinbase controls 12.8%,

Trending: BREAKING: Brunson Brothers Case Is Back On!

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend