Ethereum staking deposits decline with over 70% stakers in loss
Market Analysts have tied the cause of the decline to the speculations of an Ethereum fork and fears about the Merge. With the Merge all but confirmed to happen before Sep. 20, the amount of new value staked Ethereum (ETH) on the beacon chain is at its lowest levels, with around 230 ETH deposited daily.
According to Glassnode data, the volume of Ethereum staked daily declined significantly in July and has yet to recover. The decline coincided with ETH’s price recovering from the record market crash in the second quarter following the collapse of Terra LUNA. The slowdown in ETH 2.0 stakes is even more evident in August, with the current weekly deposit at 162 ETH — the lowest to date. Glassnode data also showed that the number of new unique addresses depositing on ETH 2.0 was relatively low and muted.
Source
https://t.me/DeFi_Ethereum
