More Than 94k ETH Staked Ahead Of Ethereum Merge
Currently, the entire cryptocurrency market is discussing the Ethereum network’s much-awaited transition from proof-of-work (PoW) to proof-of-stake (PoS) which is scheduled for 15th September. The developers are striving hard to make the merge a successful one, and the network’s staking activity has increased.
Although September did not start off well for the cryptocurrency space as a whole, it’s shaping up well for Ethereum in particular; the network saw a massive stake of 94,000 ETH on the first day of September itself! This is one of the largest single-day spikes in ETH staking since May 2022. At the moment, the Ethereum network is witnessing a spike of 11.3% staked Ethereum consensus layer contract addresses and it has hit 13.522 million.
Ethereum Merge
