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The Ethereum staking market continues to generate returns. Reports indicate that the well-known staking service provider SharpLink in the Ethereum ecosystem earned 438 ETH in rewards through staking operations last week. This reward pushed their total staking earnings past the 10,000 ETH mark, reaching 10,657 ETH.
Converted to USD, the value of this 438 ETH reward for a single week is approximately $1.4 million — a significant figure. Interestingly, SharpLink explicitly stated in their latest response that their current asset allocation strategy remains to stake 100% of their assets in ETH, with no plans to diversify.
This all-in attitude somewhat reflects market participants' optimism about Ethereum's long-term prospects, especially amid stable and continuous staking yields.