Recent data suggests that staking Ethereum might be more prudent than using the same number of ETH to acquire non-fungible tokens (NFTs).
This assumption emerges in light of the significant decline in NFT floor prices. But is it true?
Ethereum Staking Post-Shapella
Post the Shapella upgrade, Ethereum has witnessed a soaring demand for staking. A key driver for this trend appears to be ETH whales, who, rather than liquidating their holdings, are exploring avenues to generate passive income.
Despite waiting times stretching to 33 days and 8 hours, nearly 700,000 validators have joined the network, and over 80,000 validators are eagerly lined up. This represents a testament to the immense trust and optimism in Ethereum’s future.
There are a few factors that set Ethereum staking apart. For one, the Shapella upgrade introduced new staking withdrawal features. This significant move caught…
