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Institutional Investors Flock To Stake $1 Billion in Ethereum Within a Week

After the long-anticipated Shangai/Capella (also known as Shapella) upgrade of the Ethereum (ETH) ecosystem enabled withdrawals of staked ETH, the staking activity on the platform has not only seen an uptick but is writing down record-breaking results.

As it happens, the Ethereum network has received an inflow of 571,950 ETH in the week of April 17, according to the Dune Analytics data dashboard featuring the weekly staking interval of Ethereum, created by digital asset investment firm 21Shares, and retrieved by Finbold on April 25.

Specifically, according to the chart, the staking activity has visibly soared in recent weeks, recording the highest daily number on April 24 (126,080 ETH staked). 

(by Ana Nicenko)

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