Ethereum Staking Yields Soar to an All-Time High of 8.6%
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- Ethereum staking’s annualized rate of return has hit a historical high of 8.6%.
- The Shanghai upgrade has led to 3.4 million ETH deposited and 2.67 million ETH withdrawn from ETH2.0 contracts.
- The stETH APR has also reached an all-time high of 8%.
Ethereum staking has hit a new peak, with its annualized rate of return skyrocketing to 8.6%, as per data from Token Unlock. This rate of return has never been seen before, marking a historic high in Ethereum’s staking performance.
The surge in staking returns can be traced back to the recent Shanghai upgrade. Since this pivotal event, a staggering 3.4 million ETH has been deposited into ETH2.0 contracts. Although there have been sizable withdrawals amounting to 2.67 million ETH, the net pledge still stands robust at 734.92k ETH, equivalent to roughly $1.4 billion.
According to Token Unlock, the current ETH staking annualized rate of return is 8.6%, which is at a historical high. Since the Shanghai upgrade, 3.4million ETH has been deposited into ETH2.0 contracts, 2.67million ETH has been withdrawn, and a net pledge of 734.92k ETH ($1.4… pic.twitter.com/8ckwiWsR6j
— Wu Blockchain (@WuBlockchain) May 15, 2023
The ripple effects of the Shanghai upgrade and the subsequent staking activities have not been limited to Ethereum alone. In fact, the stETH APR (Annual Percentage Rate) has also been pushed to an all-time high, reaching 8%.
While Ethereum continues to break new grounds, it’s important to keep in mind the inherent risks involved in crypto staking. Stakeholders are urged to stay updated with market trends and make informed decisions.