Ethereum [ETH], which was the second-largest proof-of-work network, switched to proof of stake due to the Ethereum merge. This led to ETH 2.0, a proof-of-stake network, where stakers took the place of miners to validate network transactions.
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Data from intelligence platform Glassnode showed that the total amount staked ETH had crossed 14 million ETH, showing a continued increase in both stakers and value staked.
Source: Glassnode
But how has the value of these stakes changed over time?
Data from stakingrewards showed that in the past 30 days, more validators had entered the Ethereum network. With a growth of more than 3% thus far, the total number of validators within the past 30 days was 444,282.
The staking revenue statistic for the past 30 days revealed a little but discernible increase in revenue. At the time of writing, it was worth more than $900 million. The revenue appeared to have plateaued over the previous seven days. This suggested that the network’s stakeholder revenue growth had somewhat stalled.
Source: StakingRewards
Along with stakeholder revenue, the supply owned by top addresses metric also trended upwards. Over 30 million was observed to be owned by the top addresses at the time of this writing. Thus, continuing the upward trend that was noted to have started in September.
This was a sign of top addresses accumulating. Additionally, there were over 452,000 active addresses each day and over 7.5 million active addresses within the last 30 days.
Source: Santiment
In addition to
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