{"id":162663,"date":"2024-03-05T15:18:08","date_gmt":"2024-03-05T15:18:08","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=162663"},"modified":"2024-03-05T15:18:11","modified_gmt":"2024-03-05T15:18:11","slug":"massive-ethereum-staking-surge-ahead-of-dencun-update-over-116-billion-staked","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/massive-ethereum-staking-surge-ahead-of-dencun-update-over-116-billion-staked\/","title":{"rendered":"Massive Ethereum Staking Surge Ahead of Dencun Update: Over $116 Billion Staked"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">The upcoming Ethereum upgrade, called <strong>Dencun<\/strong>, is eagerly anticipated by the community.<\/li>\n<li style=\"text-align: justify\">ETH staked on the Beacon Chain has experienced a significant increase, reaching <strong>a total of 31.387 million ETH, valued at approximately $116 billion. <\/strong><\/li>\n<li style=\"text-align: justify\">Dencun promises to <strong>improve transaction speed and profitability on the network<\/strong>, addressing concerns about scalability and efficiency.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>The crypto community eagerly awaits the upcoming <a href=\"https:\/\/crypto-economy.com\/best-ethereum-wallets\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> upgrade, known as Dencun<\/strong>. With just a week to go, data shows a significant increase in the amount of<strong> Ethereum <a href=\"https:\/\/www.stakingrewards.com\/asset\/ethereum-2-0?category=liquid-staking&amp;sort=staked_tokens&amp;timeframe=30d&amp;byChange=false&amp;order=desc&amp;verifiedFirst=true\" target=\"_blank\" rel=\"noopener\">staked<\/a> on the Beacon Chain<\/strong>, reaching an impressive total of <strong>31.387 million ETH, valued at approximately $116 billion.<\/strong><!--more--><\/p>\n<p style=\"text-align: justify\">This increase in staked ETH reflects an upward trend since the beginning of the year, <strong>with a 9% growth<\/strong>. This steady increase underscores the ongoing interest and confidence in the Ethereum platform and <strong>its shift towards a proof-of-stake consensus mechanism, implemented in September 2022 with &#8220;The Merge.&#8221;<\/strong><\/p>\n<p style=\"text-align: justify\">The Dencun upgrade has been primarily highlighted by the introduction of <strong>proto-danksharding, a feature that promises to make transactions on the network faster and more profitable<\/strong>. This improvement is especially relevant at a time when scalability and efficiency are critical issues for widespread cryptocurrency adoption.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-80040\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/03\/ethereum-post-1.png\" alt=\"ethereum post staking\" width=\"825\" height=\"345\" \/><\/p>\n<p style=\"text-align: justify\">In addition to improvements in transaction speed and efficiency, the Dencun upgrade also brings significant changes to the Ethereum staking process. One of the most notable changes is <strong>the introduction of EIP-7044, which aims to make it easier for users to earn rewards through <a href=\"https:\/\/crypto-economy.com\/ethereum-staking\/\" target=\"_blank\" rel=\"noopener\">Ethereum staking<\/a><\/strong> without the need to be full validators. This improvement will <strong>also simplify the process of unstaking ETH<\/strong>, offering a smoother and more accessible experience for users.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-78780\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/02\/Ethereum.jpg\" alt=\"ethereum post\" width=\"825\" height=\"300\" \/><\/p>\n<h2>Ethereum Prepares to Take a Key Step Towards a Bright Future<\/h2>\n<p style=\"text-align: justify\">One of the most interesting aspects of EIP-7044 is its ability to allow ETH validators and stakers <strong>to store exit instructions in smart contracts<\/strong>. This provides <strong>an additional layer of security and flexibility<\/strong>, allowing users to specify conditions under which they want to withdraw their Ethereum. For example, <strong>users could set conditions to automatically withdraw if their hardware remains inactive for an extended period<\/strong>, helping to protect validators against potential penalties for failing to process transactions on time.<\/p>\n<p style=\"text-align: justify\">Dencun promises to significantly improve the speed, efficiency, and accessibility of the network. With a steady increase in the amount of ETH staked and exciting improvements on the horizon, <strong>the future of Ethereum looks brighter than ever.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The upcoming Ethereum upgrade, called Dencun, is eagerly anticipated by the community. ETH staked on the Beacon Chain has experienced a significant increase, reaching a total of 31.387 million ETH, valued at approximately $116 billion. Dencun promises to improve transaction speed and profitability on the network, addressing concerns about scalability and efficiency. The crypto &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Massive Ethereum Staking Surge Ahead of Dencun Update: Over $116 Billion Staked\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/massive-ethereum-staking-surge-ahead-of-dencun-update-over-116-billion-staked\/#more-162663\" aria-label=\"More on Massive Ethereum Staking Surge Ahead of Dencun Update: Over $116 Billion Staked\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":162665,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,70,74],"tags":[4620,4656,5287,4679,4828,5269],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162663"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=162663"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162663\/revisions"}],"predecessor-version":[{"id":162666,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/162663\/revisions\/162666"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/162665"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=162663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=162663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=162663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}