Coinbase is Second in ETH Staking Behind Dominant Lido

by | Feb 22, 2024 | Business, Ethereum News | 0 comments

Latest News

Latest News

View more

Coinbase, one of the leading cryptocurrency exchanges, now accounts for a significant 14.1% of all Ethereum (ETH) staking, as reported by Dragonfly data scientist hildobby. The report, sourced from Dune Analytics, notes that Coinbase currently has 3.873 million staked ETH.

Although Coinbase has a commanding presence in the ETH staking realm, it is overshadowed by Lido DAO, a liquid staking platform, which holds a staggering one-third of all staked ETH. Other notable platforms include exchanges like Binance and Kraken, which possess a 4.2% and 3.0% staking market share, respectively. Additionally, the Figment staking pool holds its own with a 4.9% market dominance.

Over the past six months, Coinbase has witnessed a remarkable 44% surge in ETH staking activity. This increase coincides with the time frame of the Ethereum Shanghai upgrade. Contrary to initial concerns that the latest Ethereum network update might lead to a decrease in staked ETH, due to the newfound capability to withdraw these staked assets, the Shanghai upgrade seems to have bolstered confidence among stakers. Since its implementation in April, there’s been a net influx of 7.84 million staked ETH.

For the Latest Crypto News follow the Coinography and Subscribe our YouTube channel or follow us on social media platforms like Twitter, Facebook, Instagram and Linkedin.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted

Web Stories

Independent operators seek pause on Solana validator rules

Independent operators seek a pause under Solana validator rules that cap delegation at 100 participants and limit membership to a maximum 12-month term.

Read Also:  EIP-8037 gas rules prompt review of Ethereum app billing

Solana dApp revenue leads blockchain rankings for seventh straight week

Solana dApp revenue reached nearly $34 million last week, leading Layer 1 and Layer 2 chains for a seventh straight week, Crypto Briefing reported.

Read Also:  ETH price forecast gives year-end range, not Nov. 7 2 a.m. price

EIP-8037 gas rules prompt Ethereum apps to revisit billing

EIP-8037 gas rules could change Ethereum app billing as developers delay a Glamsterdam testnet step over gas-accounting risks, KuCoin reports.

Read Also:  ETH price forecast gives year-end range, not Nov. 7 2 a.m. price

Glamsterdam gas fees raise billing concerns as developers seek fixes

Glamsterdam gas fees could disrupt dApp billing and older contracts. Developers are weighing fixes after a test delay and security warnings.

Read Also:  ETH price forecast gives year-end range, not Nov. 7 2 a.m. price

Nym mixnet SDK brings network privacy tools to wallets and dapps

Nym mixnet SDK brings five-hop browser traffic routing to wallets and dapps. It was unveiled at Devcon 8 and requires no separate VPN installation.

Read Also:  Ethereum falls 6% as Glamsterdam upgrade delay coincides with ETF outflows

Anthropic dShares: Source Facts Needed

No source facts or quotations were supplied for Anthropic dShares; a reported article cannot be expanded without adding unsupported information.

Read Also:  Binance Hack: Crypto Firms Freeze $3 Billion as Exchange Investigates $6.3 Billion Breach

Ethereum falls 6% as Glamsterdam upgrade delay coincides with ETF outflows

Glamsterdam upgrade delay coincides with a 6% Ethereum price drop, over $210 million in liquidations and nearly $100 million in ETF outflows.

Read Also:  Ethereum falls 6% as Glamsterdam upgrade delay coincides with ETF outflows

ETH price forecast gives year-end range, not Nov. 7 2 a.m. price

Cryptopolitan’s ETH price forecast gives a 2026 year-end range, but its estimates do not establish the price at 2 a.m. EST on November 7, 2026.

Read Also:  EIP-8037 gas rules prompt review of Ethereum app billing

EIP-8037 gas rules prompt review of Ethereum app billing

EIP-8037 gas rules could alter Ethereum app billing and wallet authorizations, as developers assess proposed changes and seek project reports.

Read Also:  EIP-8037 gas rules prompt review of Ethereum app billing

Latest News