The Shapella Upgrade on the Ethereum mainnet has led to an 18% increase in total ETH staked, with over 60% of stakers experiencing losses. The upgrade has boosted confidence in staking, allowing users to unstake their ETH and restake it.
The total amount staked now accounts for nearly 21% of ETH's total circulating supply, with a sizable growth in the number of new addresses depositing 32 ETH to the Ethereum smart contract. The dwindling supply of ETH on exchanges suggests that investors are more interested in holding and staking as a long-term investment option.
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