Ethereum staking saw strong demand from institutions following the Merge. Even if the adoption rate slows down in a few months, its future looks promising, say Vivek Chauhan and David Lawant, of FalconX.
Crypto exchange FTX got court approval to sell part of its $3.4 billion digital asset holdings.
As Bloomberg’s Sidhartha Shukla noted in a recent article, the total value locked, or TVL, for liquid staking protocols has surged 292% to $20 billion over the past year and some months. If you remember, Ethereum went officially live with staking on Sept. 15 in an event forever commemorated as “the Merge.” While it took a few weeks for the withdrawal/unstaking fervor to die down, staking has so far served Ethereum users well – paying out an annualized rate between 3%-4% to anyone with the spare 32 ether (ETH) needed to stake to become a validator.