How staked Ethereum reached its single-day high since July

September 20, 2023

By Victor Olanrewaju

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The increase also laid the grounds for the impressive growth ETH staking experienced for most of the 11-16 September week.

The faith is in ETH

The increase in the activity signifies validators’ dedication to locking up their assets while looking to earn yields in ETH. To be clear, the yields are gotten from transaction fees in return for validators’ help in securing the Ethereum network. 

An in-depth look at the post shared above showed that deposits throughout last week were much higher than withdrawals. Furthermore, it was only on 17 September that the amount deposited and withdrawn almost seemed to be at par.

This reinforced the notion that validators had confidence in the returns staking would bring.

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