Distribution of #ETH staking by validator pool
#ETH #ethereumshanghaiupgrade #ethereum #ethstaking

Crypto News Update: January 25, 2024

Ethereum 2.0 staking surpasses $10 billion as ETH price hits new high

Ethereum 2.0, the long-awaited upgrade to the second-largest cryptocurrency by market cap, has reached a new milestone as the total amount of ETH locked in staking contracts exceeds $10 billion.

This represents more than 3.6 million ETH, or about 3.1% of the total supply, that are being staked by validators who run nodes to secure the network and earn rewards.

The surge in staking coincides with the rise in ETH price, which has reached a new all-time high of $2,786 on January 25, 2024.

The price increase is driven by several factors, including the growing demand for decentralized applications (dApps) that run on Ethereum, the anticipation of lower fees and higher scalability with Ethereum 2.0, and the emergence of decentralized finance (DeFi) protocols that offer various financial services without intermediaries.

Ethereum 2.0 is expected to launch in phases, with the first phase (Phase 0) already live since December 1, 2020. Phase 0 introduced the Beacon Chain, which is the backbone of the new proof-of-stake (PoS) consensus mechanism that replaced the proof-of-work (PoW) system.

What do you think of Ethereum staking and its impact on the crypto market?

$ETH

#ETH-ETF

#ethstaking

#Write2Earn

$REZ don’t give up ⬆️ please buy & hold this is strategy and will rebound raising up like Roller coaster 🎢 👆🚨🚨🚨 go to the Moon 🌖🌖🌖

$ENA
$BNB

#BinanceLaunchpool
#ethstaking
#ethfi/usdt

$REZ Dear investor and Whales never to late to buy or spoon this time is good to buy and make your passive income Star not to far and you can reach🌟💪✅🚀
$ETH $PEPE

#BinanceLaunchpool
#ethstaking
#bitcoinhalving

$REZ ATH time to raising and show the whole world of cryptocurrency about how strong you are (Bullish)

Buy Whales 🐳

$BNB $ENA

🎢🎢🎢🚀🚀🚀🌖🌖🌖✅✅✅💪💪💪🙏

🌟🪙🙏

#BinanceLaunchpool
#bitcoinhalving
#ethstaking

make money in Binance by staking ETHstaking #ethstaking

🔷 25% of Ethereum's supply, over 30.1 million $ETH ($73B), is now staked on the network, marking a significant milestone post-Shapella upgrade.

The network also sees 942,023 validators contributing to this growth.

#EthereumUpdate #EthereumNews #ethstaking

$LDO Update 💥💥

As we can see here $LDO is sitting on support and is what i believe gearing up for the next move up towards first short term target and previous ATH 5.15$ .
in my opinion we will not stop here and i can see LDO doing good in this market .
If we face a possible flushout my bids would be in the green box around 3.05$ and 2.89$

Thanks for reading.
#ethstaking #HotTrends

$REZ Alert Alert 🚨🚨🚨🐳🐳🐳🐋🐋🐋 Whales watching us now… it’s a good time to raising star 🌟 together and make it dream come true 0.178
$PENDLE $SHIB

#BinanceLaunchpool
#ethstaking

Ethereum staking reached an all-time-high with 18.88M ETH ($34.6B) locked up!

#ETH #Ethereum #staking #ethereumshanghaiupgrade #ethstaking

📊 In just under a month, the TVL in Puffer Finance has reached $850 million.

🐡 #PufferFinance lets users deposit $ETH and receive a liquid staking token that earns yield from #ethstaking and restaking 👀

#pufferfinance #Puffer