Despite Ethereum's sluggish action, stakers unwavered
dashboard, the amount of ETH staked on the Beacon chain has surged to 21.6 million ETH at the time of writing, a considerable 11% growth from what it was during the Shapella Upgrade on 12 April. Even during the last 24 hours, there was a net deposit of 47k ETH, suggesting that users had more confidence in the staking mechanism.The interest in staking was also reflected through the growth in new depositing addresses.
As a result, over 60% of the stakers were in losses since they locked their ETH on the network, as per data fetched from adashboard. A lot of this staking occurred between $1,600 and $3,500 during the peak of the 2021 bull run. A steady drop in prices could lead to conservative stakers withdrawing their stake and cashing them out in the market. However, their current trend was antithetical to this narrative.
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