Total amount of staked ETH almost doubles in a year as Merge approaches
As the Merge upgrade of the Ethereum (ETH) blockchain inches closer, the total amount of its staked native token has recorded a new all-time high, almost doubling across the previous year. Specifically, the amount of ETH staked reached 13.29 million on August 16, which is nearly double compared to one year before, despite its price declining by 43% during the same period.
Defi Pulse’s chart also shows that, since the start of the Ethereum 2.0 upgrade, the amount of staked ETH has been steadily growing after the community staked more than 1 million Ethereum within the first week of December to support the upgrade. In April 2021, the value of staked ETH reached $10 billion, with 3.9 million ETH staked and the price standing at $2,582, as Finbold reported at the time. Considering that, at press time, Ethereum was trading at $1,865, this means that the total cumulative amount.
Source
https://t.me/DeFi_Ethereum
