Ethereum (ETH) staking is increasingly in demand after the merger

Bittime - Staking on the Ethereum network has been in the spotlight since The Merge , according to the latest report from Coin Metrics. The report shows a significant increase in staking activity and adoption of staking pools and liquid staking tokens.

It was noted in their weekly report that currently, over 31 million ETH (~26% of supply and $120 billion in value) has been “staken, with nearly 980K active validators securing the Ethereum network.”

Ethereum Staking Improvements

• Growth of Staking Pools and Liquid Staking Tokens:   The Coin Metrics report mentions substantial growth in staking pools and liquid staking tokens (LST) indicating increased interest in Ethereum staking.
• Better Accessibility and Utility:   The report also explains that the increase in staking adoption is driven by factors such as ease of access and better utility of staking pools and ESG. Staking pools and LST offer an easier and more flexible way for investors to participate in Ethereum staking compared to standalone staking.

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The Merge's Impact on Staking

The Merge, which marked Ethereum's transition from a Proof-of-Work ( PoW ) to Proof-of-Stake ( PoS ) consensus mechanism, paved the way for staking to become the primary method of securing the network. This has contributed to increased awareness and interest in Ethereum staking.

The Ethereum staking ecosystem has grown substantially, with staking pools and liquid staking tokens gaining meaningful adoption.

ETH Price Today

Source:  Bittime 

Based on the Bittime market on March 19 2024, the price of Bitcoin ETH/IDR has reached IDR 53,730,438 per coin, down 5.33% in 24 hours.

Also Read How to Buy Crypto:

Conclusion

The Coin Metrics report shows a positive trend regarding staking on the Ethereum network. Staking is now an increasingly attractive option for investors looking to earn passive rewards from their ETH holdings.

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How to Buy Ethereum (ETH) on Bittime

You can buy and sell  Ethereum (ETH)  in an easy and safe way via  Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Ethereum (ETH)  is available on Bittime with the market pair  ETH/IDR .  To be able to buy  ETH/IDR  at  Bittime,  make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on  Bittime  is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn the complete guide on how to buy Ethereum (ETH) on Bittime. 

Monitor price chart movements   for Ethereum (ETH) ,  Bitcoin (BTC) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also read:

Staking ETH (Ethereum): New Opportunities in the Blockchain World

Why Do Holders Often Win in Bull Markets? This is the Reason!

Risk Averse Ethereum Implementation Strategy for Playing Merge

DISCLAIMER : This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.