Data from Nansen shows that nearly 20% of the current supply of ETH was staked as of June 27.
refers to the process of validating transactions. In order to earn validator status and secure the network, users lock in its native ETH token and earn rewards as a result., allowing validators to withdraw their staked Ether from the Beacon Chain. In the first week of withdrawals, validators unstaked more than a million ETH. The upgrade has led to ETH stake growth since then.
“The Shanghai upgrade essentially eliminated this risk by allowing users to stake and unstake at will. As a result of this de-risking, we’re seeing a surge in staked ether — and, as expected, the network is quickly catching up to rival chains such as Solana in terms of percentage of the native token being staked on the network. This is a very healthy sign for Ethereum," Dave Weisberger, CEO of algorithmic-trading platform CoinRoutes, told Cointelegraph.
Ether’s staking is also catching the attention of regulators, with its future uncertain in the United States, where the Securities and Exchange Commission is tightening rules for crypto firms offering staking services.
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