According to cryptocurrency analysts, the surge in ETH staking can be largely attributed to deposits from institutional staking platforms and the reinvestment of rewards.
According to cryptocurrency analysts, the surge in ETH staking can be largely attributed to deposits from institutional staking platforms and the reinvestment of rewards.
According to preliminary data, the major staking platforms catering to institutional investors have reported a three-fold increase in new deposits compared to the previous month.
Shapella's smooth implementation of its stablecoin likely enhanced the overall market sentiment towards Ethereum's staking-based offerings.