The total value of ETH staked and validators on the network witnessed substantial growth Whales show interest in ETH as the number of transactions witnessed a surge Ethereum’s [ETH] staking activity continued its upward swing as the total value staked in ETH 2.0. deposit contract reached yet another ATH, data from Glassnode revealed. 📈 #Ethereum […]
observed in ETH’s price at the time of writing, the king of altcoins made a remarkable recovery since the FTX contagion hit the crypto market. The bullish cycle also witnessed ETH sprint towards its pre-FTX market cap levels.from Staking Rewards. The revenue from transaction fees also shot up by almost 24% which lent credence to the lucrativeness of ETH staking.
The annualized reward rate or the reward that validators can expect to earn per year was estimated at 3.8%.Interestingly, the percentage of eligible tokens that were being staked stood at 13.87%, significantly lower than other popular chains like
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