• Ethereum PoS staking surged since the Shanghai Upgrade and the Merge.
• Stakers have had mildly realized losses in the last 365 days, but there could be a chance to stake more.

The number of Ethereum [ETH] staked reached 26.5 million on 6 September, according to Chain Afrik. Chain Afrik, which is an African-based blockchain community, coined the data from IntoTheBlock.

About 26.5m $ETH has being staked, according to information from @intotheblock, the future is big for #ETHPOS pic.twitter.com/SeQY7kFv0a

— Chain Afrik (@ChainAfrik) September 6, 2023

Realistic or not, here’s ETH’s market cap in BTC terms

This amount of ETH staked implied that the blockchain saw an increase in staking activity. One reason behind this was the Shapella upgrade, which was activated on 12 April.

Billions and counting 

ETH staking began in December 2020, through which participants could validate transactions and earn rewards for their contribution. As o

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Author: Victor Olanrewaju

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