Ethereum Staking Returns Skyrocket, Sending Bullish Signals to Investors
The recent Ethereum upgrade, known as Shapella, has brought significant achievements to the ecosystem. ETH staking returns have surged, reaching a remarkable annualized rate of return of 8.76%. The introduction of unstaking has fostered investor confidence, leading to a deposit of 3.44 million ETH into ETH 2.0 contracts. Moreover, 2.67 million ETH has been successfully withdrawn, resulting in a net pledge of 770.70k ETH (worth approximately $1.41 billion). This upgrade holds the promise of reduced gas fees and improved scalability, providing developers with a more efficient platform.
