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EgenLayer's Airdrop Plan Raises Concerns Over Token Distribution Equity
EigenLayer, the second-largest DeFi protocol with $15.952 billion in total value locked, recently announced its native token's stakedrop. However, the distribution details have sparked disappointment and criticism within the crypto community. This article explores the allocation strategy, criticisms, and potential implications for EigenLayer.
Ethereum Milestone: Validator Count Hits 1 Million with $114 Billion Staked
Ethereum's network validators surpass the 1 million mark, with 32 million ETH staked through platforms like Lido, accounting for 26% of its total supply.
Ethereum staking volume surpasses withdrawal volume post-Shapella upgrade
After the successful Shapella upgrade, Ethereum's staked ETH volume has surpassed the withdrawal volume for the first time. According to data from Nansen, more ETH is currently being staked than withdrawn, with the staking volume reaching 124,000 ETH, while the withdrawal volume is at 64,800 ETH. The majority of validators are restaking their unlocked Ether, and early withdrawals are primarily staking rewards.
Ethereum's Shapella Upgrade Complete
Ethereum's Shapella upgrade has been successfully completed, allowing validators to withdraw their staked Ether on the Beacon chain. Over 44% of active validators have the ability to request partial or full withdrawals, with most withdrawals being for staking rewards. Major exchanges have announced their support for ETH unstaking, with several already processing withdrawal requests.
ETH Price Surpasses $2,000 Despite New Supply After Shapella Update
Despite concerns of a potential dump due to a new supply of Ether hitting the markets after the Shapella update, the price of ETH has surpassed $2,000 and maintains the level. Only around 1% of staked ETH may hit the market after Shapella, according to crypto analytics firm Glassnode. Crypto exchanges have expressed support for ETH unstaking.
Ethereum Testnet Successfully Upgrades for Upcoming Shanghai Hard Fork
Ethereum's Sepolia testnet has undergone a successful upgrade simulating the upcoming Shanghai hard fork expected to take place on the mainnet in March. The upgrade, called "Shapella", allows validators to withdraw their staked Ether and rewards on the execution layer.
Liquid Staking Protocol Lido Activates "Staking Rate Limit" After Record Inflows
Lido Finance, a liquid staking protocol for Ethereum, activated a "staking rate limit" after more than 150,000 ETH was staked in a single day. The mechanism aims to address any negative effects of high inflows, limiting the amount of staked Ether that can be minted within a 24-hour timeframe.
Bit.com Enables Trading of Staked Ether on Spot and Perpetual Futures Markets
To meet the diversified needs of cryptocurrency users, Singapore-based crypto exchange Bit.com has launched Staked Ether (STETH) on spot and perpetual futures markets.
Kraken Exchange Acquires Non-Custodial Staking Platform Staked
Kraken trading platform has acquired Staked, a non-custodial staking platform for an undisclosed sum.