In the week of Monday, April 17 through Sunday, April 23, Ethereum broke its record number of ethers (ETH) entering its staking. The network’s validators deposited 571,950 ETH, in that time period.
That figure is detailed in a Dune Analytics chart provided by the firm 21Shares. The amount equals USD 1.043 billion and is the highest in terms of weekly deposits since December 2020, when the Beacon Chain was created and validators could make their deposits.
However, this was not enough to reverse the trend in terms of the net amount of ETH deposited into Ethereum’s staking. Since Shapella was activated on April 12, there are 572,540 fewer ETH, according to token.unlocks.
Another chart shared by 21Shares shows how enabling withdrawals generated increased interest from institutional investors to invest in Ethereum.
These investments were mainly concentrated through five staking services, such as Staked.us, Bitcoin Suisse, Figment, stakefish and Kiln.
Ethereum continues to operate normally after Shapella.
Beyond these statistics, Ethereum’s Proof of Stake (Proof of Stake or PoS) continues to operate under almost the same conditions as before Shapella.
As reported in this medium, it was a concern that many validators would definitely leave when withdrawals were enabled.
At least as of this writing, what is happening is that the flexibility to withdraw funds conveyed confidence.
That is reflected in the total amount of ETH in staking, which is between 17.9 million ETH and 19.2 million ETH, depending on which source you consult. Approximately 15% of the ETH in existence is deposited in Ethereum staking.
Similarly, the number of validators did not change much. Again, different sources vary as to the exact figure, but it is safe to say that they are between 560,000 and 579,000 validators, similar numbers to what were already there before the upgrade.
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