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26th May 2023
Ethereum staking annual percentage rate soars to an ATH of 8.98%-Bankless Times
Trend
At the beginning of May 2023, the APR was 5.31%, but it soon rose to 8.98%-a record high for Ethereum staking. This is according to the latest analysis by BanklessTimes.com.
The site's CEO, Jonathan Merry, commented on the findings:
"The surge in APR is largely attributed to the increasing demand for ETH staking and the resulting increase in rewards earned by ETH holders. This has been further compounded by a decrease in supply due to Ethereum's transition to Proof-of-Stake(PoS), as well as its 'Shapella' network upgrade in April, which enabled withdrawals of staked ETH and rewards."
After Shapella's full implementation, staking rewards for ETH holders have become increasingly attractive. This has led to an influx of new validators on the network, which has, in turn, driven up the APR and made Ethereum staking one of the most profitable investments in the crypto industry today.
Ethereum Trends(4 articles)
