The Ethereum network saw an increase in staking activity following the Shapella upgrade that enabled validator withdrawals for the first time. The number could double over the next 18 months, according tonew report
Total ETH deposits for the week ending May 2 were four times higher than the amount added in the week prior to the Shapella upgrade in the last month, according to data from provider Staked. non-custodial staking and Kraken affiliates
“Due to the increased demand for staking, We expect that rate to increase from ~15% today to around 20-35% in the next 12-18 months,” noting that average daily deposits are 6.5 times higher than in April.
The company said 750,000 ETH was staked six days after the Shapella upgrade. That’s more than the 600,000 ETH that was staked throughout March.
Ethereum currently generates around $1.8 billion in annual staked rewards.
As of May 2nd, a total of 1.97 million ETH staking has been cancelled, while a total of 1.65 million ETH has been staking, a net decrease of 320,000 ETH.
refer : LINK
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