Vladislav Sopov
Ethereum (ETH) Enthusiast, AI, Metaverse, Web3 Researcher Adriano Ferria Shows Optimism in ETH Staking
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As the tumultuous month of January 2024 comes to a close, Ethereum (ETH) validators are once again lining up to participate in the ETH staking ecosystem. Is this an optimistic signal?
Ethereum (ETH) validator queue is highest since October
The number of validators waiting for the opportunity to lock Ether into staking has reached its highest level since late October 2023. According to data, the Ethereum (ETH) staking ecosystem is inching closer to its 1 million validator count.
Key indicators have been rising for three consecutive days. Such a trend was recorded by Adriano Feria, a blockchain and his AI enthusiast.
In January 2024, the Ethereum (ETH) staking ecosystem witnessed its biggest disruption since the Shapella upgrade enabled on mainnet enabled unstaking.
As part of its bankruptcy proceedings, major cryptocurrency financier Celsius has decided to end its investment in Ethereum (ETH) and begin mass withdrawals. The exit line has mushroomed to his 16,000 validators. This equates to over $1.1 billion in his ETH to unstake.
At the same time, the exit queue was rapidly cleared according to the Validator Queue Tracker.
Ethereum (ETH) price struggles to rise above $2,300, with volume down 30%
There are currently 918,652 active validators on the Ethereum (ETH) network. In total, he accumulated 29.3 million Ether, representing 24.3% of the supply.
Considering these numbers, ETH staking yields an annual return of 3.6% in APY.
Meanwhile, Ethereum (ETH) price is trying to surpass $2,300. In the past two months, ETH has successfully conquered this line 7 times, but always led to a retracement.
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Vladislav Sopov