Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near,  Here’s Why

Ethereum Staking Deposit Plummets As Shanghai Upgrade Draws Near, Here’s Why

After recording a spike following the enticing yields of Ethereum (ETH) liquid staking platforms such as Lido offers, Ethereum total staking deposit is beginning to see a plummet just a few days before the Shanghai launch which is set to take place on April 12. This dip was initially revealed by on-chain analytics provider Glassnode on April 9 in a report disclosing the current state of the Ethereum staking ecosystem. According to the report, the decline in Ethereum staking deposits can be attributed to two main factors.  Why Is Ethereum Staking Deposit Declining? The on-chain analytics....


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