The influx into ETH staking was mainly driven by deposits from institutional staking platforms and reinvesting rewards, crypto analysts said.
Ethereum’s Shanghai Upgrade Spurs Institutional Investment Into Staking
Largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.
Staking tech firm Kiln closes $17.8 million, eyes future ETH staking demand
Staking infrastructure firm Kiln has closed a $17.8 million fundraising round led by the likes of Consensys, GSR and Kraken Ventures.
Ethereum Merge testing on Kiln mostly successful, save for one minor bug
“Post-merge blocks are being produced by validators, and they contain transactions!” said Ethereum developer Tim Beiko.
Ethereum ‘Merge’ edging closer with final Kiln testnet launch
The Kiln testnet is the final public testing phase before the long-awaited Ethereum ‘Merge’ and the end of proof-of-work consensus.