According to data from Nansen, a blockchain analytics firm, the amount of Ethereum staked on April 17th exceeded the amount withdrawn for the first time. It is a significant milestone for the Ethereum network, as it shows growing interest in staking ETH.
The data shows that 124,000 ETH were staked, while only 64,800 ETH were withdrawn on April 17. In total, 1.06 million ETH have been withdrawn, 472,000 ETH have been staked, and 926,000 ETH are yet to be withdrawn.
Leading the pack of ETH depositors is Lido Finance, with a 30.9% share of the total ETH staked. Other depositors account for 24.4%, with Coinbase at 12.7% and Kraken at 6.9%.
The analytics firm has also uncovered two previously unknown ETH withdrawal addresses that have collectively received over 256,206 ETH (approximately $535 million) in staking rewards since the Shanghai/Shapella upgrade.
The first address belongs to Kraken, and all 205,249 ETH withdrawn from it remains in the address while still receiving staking rewards. The second address belongs to Huobi, which received around 51K ETH rewards and currently has a balance of 384 ETH.
Of the rewards received, 5,570 ETH was restaked on a Huobi ETH staking contract, and 45,000 ETH was sent to a Huobi address at 0x2abc. The question remains as to where the ETH has gone.
However, the increasing interest in staking ETH is a positive sign for the Ethereum network and its stakeholders. It shows growing confidence in the network and a willingness to support its development and growth.
Agility’s stETH & Ethereum Staking Pools Attract $276M In One Week
Another latest tweet from Nansen also revealed that in just one week, $276 million had been staked on Agility’s platform, with significant inflows in the last 24 hours, particularly in stETH.
Inflows to Agility’s stETH and ETH staking pools have hit $110 million in the last 24 hours alone, with just 125 addresses depositing 68.1k stETH in total. The top depositors include czsamsun.eth, blurr.eth, and Oapital.
The price of AGI doubled over the weekend, and the top PnL address 0xdc5 made $16,000 in USDT and 3.7 ETH from LPing and trading, though it no longer holds any AGI.
Just a day later, the staked tokens increased to $462 million. Nansen’s tweet reiterated that they only shared on-chain stats and that none of their tweets should be construed as endorsements of any projects or chains. They advised their followers to DYOR (do your own research.)
This news is yet another sign of the growing interest in Ethereum staking, which is expected to increase as Ethereum transitions to a proof-of-stake consensus mechanism. As more investors seek to earn rewards and support the network, we can expect to see further growth in Ethereum staking in the coming months.
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