As the Ethereum network continues to make strides in growing its platform, capital investment reveals an exciting increase in confidence among investors. Per data from CoinShares, digital asset investment products saw outflows totaling $30 million last week, however Ethereum experienced inflows of $17 million – signifying a positive shift in investors’ sentiment. Last week, the Ethereum price briefly crossed the $2K market limit, with fees exploding to their highest level since May 2022. On-chain analytics firm Santiment reported that fees have since been discounted by 35%, further illustrating investors’ increasing confidence in the Ethereum network. On April 12, the Shapella upgrade enabled withdrawals from the ETH beacon chain, with Nansen providing an analysis of these principal withdrawals which are mostly controlled by two entities, Kraken and Coinbase, at 870,688 ETH. Since the upgrade, total ETH locked hit a new all-time high of 18,879,775 ETH which includes ETH staked on the Beacon chain, ETH deposited to the Beacon contract but not validated yet and rewards on the Beacon contract. Additionally, Binance recently announced it was rebranding ETH 2.0 Staking to ETH Staking. Investors will gain from ETH staking rewards in the form of Wrapped Beacon ETH (WBETH), a new liquid staking token with one token representing one BETH. Having such major platforms firmly behind the Ethereum project presents an exciting opportunity for further growth and success of the network.



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