Shapella Upgrade Drives 4.4 Million Growth in Staked Ether

Since the Shapella upgrade on April 12, Ethereum has seen a surge in interest for staking ETH to earn passive yield. Over 4.4 million coins have been staked, totaling 22.58 million, attributed to large holders seeking income without selling. Analysts expect this trend to continue due to anticipated deflationary forces. Despite the one-month waiting time, over 50,000 potential validators are queuing up, attracted by the 4% to 5% annual yield and withdrawal flexibility offered by Shapella. This upgrade has mitigated perceived risks, encouraging more investors to participate in passive staking.