Ethereum Investors Bullish as Staking and ENS Metrics Reach New Highs
Investors in Ethereum (ETH) are showing bullish signs as staking deposits and Ethereum Name Service (ENS) metrics reach new all-time highs. Here are the key points:
– Staking deposits on the Ethereum Network have reached a record high of over 27.40 million ETH, according to data from Glassnode. Investors lock their ETH into the ETH 2.0 depositors contract to become network validators and earn a yearly yield of around 3.29%.
– The ENS collected $235,000 in fees in a single day, the highest value since September 11, 2022. This indicates a growing demand for personalized human-readable Ethereum addresses, which are exchanged as Ethereum domains.
– The total number of active ENS domain names has exceeded 2.6 million, according to crypto news reporter Colin Wu. This further demonstrates the increasing popularity of the Ethereum blockchain.
– Despite a low volatility week, Ethereum saw a 90% increase in exchanged volume in the last 24 hours, with over $4.04 billion in ETH being traded globally.
In conclusion, the surge in staking deposits and ENS metrics suggests a bullish trend for Ethereum. Investors are confident in keeping their money on the Ethereum Network, and the growing demand for personalized Ethereum addresses shows the increasing adoption of the platform.
Hot Take
The impressive staking and ENS metrics are positive indicators for Ethereum’s future growth and potential as a leading smart contracts blockchain in the crypto market. As more investors participate in staking and more users register personalized Ethereum addresses, the Ethereum ecosystem continues to expand and solidify its position as a key player in the industry.
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