The amount of staked Ether (ETH) reached a new all-time high of 2.96 million ETH in May, which is attributed to the ongoing U.S. debt ceiling saga, confidence in the U.S. dollar, bank collapses, and the high annual percentage rate (APR) offered on ETH staking. The surge in staked ETH comes within a month of the Shapella upgrade on April 12, allowing validators to withdraw their staked ETH after two years. Despite concerns that heavy unstaking of ETH could be bearish for the Ethereum network, less than 1% of all staked ETH was sold after Shapella.
– The amount of staked Ether (ETH) reached a new all-time high of 2.96 million ETH in May.
– The surge in staked ETH is attributed to the ongoing U.S. debt ceiling saga, confidence in the U.S. dollar, bank collapses, and the high annual percentage rate (APR) offered on ETH staking.
– Despite concerns that heavy unstaking of ETH could be bearish for the Ethereum network, less than 1% of all staked ETH was sold after the Shapella upgrade on April 12.
