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Ethereum World News 2023-06-12 13:22:26

Staked ETH On Steady Course To Surpass Exchange Balances

Summary: Data from Blockchain Intelligence startup Nansen shows a steady increase in the number of staked ETH. So far, users and entities have locked over 22 million coins which amount to about 18% of the token’s supply. At the same time, balances in crypto exchanges are declining and now sit below 30 million tokens. Analysts say the Shapella upgrade eliminated concerns around withdrawals and triggered a boom in locked tokens since stakers can earn rewards as opposed to just holding

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