Posted 3/5/2024, 11:32:28 AM
Ethereum Staking Reaches New Highs, Over $116 Billion Now Locked on Beacon Chain
- 31.387 million Ethereum now staked on Beacon Chain, worth $116 billion
- Staked ETH has grown 9% since start of year
- Ethereum switched from proof of work to proof of stake in September 2022 event called The Merge
- Upcoming Dencun upgrade will make proto-danksharding to improve network speed and fees
- EIP-7044 will make it easier for stakers to unstake ETH and exit validator positions with smart contracts
