Ethereum's Scaling Challenges
This week, the network celebrates a significant milestone with over 1 million validators and 32 million Ether, valued at approximately $114 billion, staked. This growth signifies increased confidence and participation in Ethereum's Proof of Stake mechanism, particularly as institutions such as Fidelity update their Spot Ethereum ETF applications to include staking, by which investors would not only get exposure to ETH but also earn rewards that are accrued by staking. Whilst Ethereum’s legal status has been subject to scrutiny by the SEC for a number of years now, this increased institutional backing suggests that there is some hope that that these ETF applications are approved - the only question is when.🔥
