Ethereum is getting ready for a major upgrade and the data is telling us a lot about its state. Currently, 18,158,199 ETH is staked, which is approximately 15% of the 120.4m ETH in circulation. The data from the last 24 hours shows that 9,456 ETH was staked, with an average price of staked Ethereum being $2,135. The top ETH depositors include Lido Finance, Coinbase, Kraken Exchange, Binance, and Stakefish. At the moment, 141,463 ETH is waiting for full exit.

It's important to note that the first withdrawals are likely to come from HuobiGlobal, which has 39,776 ETH in the queue, followed by PieDAO with 22,720 ETH, 0xa3d with 14,592 ETH, 0x07d with 4,320 ETH, and 0x631 with 3,872 ETH. It takes about two days to process partial withdrawals or rewards for one “round,” and only validators that have provided 0x01 credentials can process full and partial withdrawals. Currently, 244,460 validators have updated to 0x01 withdrawal addresses.

Lido dominates the Liquidity Staking Derivatives (LSD) market with a 78% market share. Despite that, other LSDs such as Coinbase cbETH, Rocket Pool, Frax Finance, Staked Hound, and StakeWise have been gaining traction as well.

The data provides a good indication of the current state of the Ethereum network and its ecosystem as the upgrade is getting closer. This is not investment advice, but general market commentary and insights that potential investors might want to use to do research and analysis before investing in Ethereum.



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