The Merge improve, which successfully introduced the Proof-of-Stake (PoS) mechanism to Ethereum, was activated virtually a yr in the past. The following Ethereum Shapella improve, which allowed staked ETH withdrawals, is about six months outdated. With these two monumental adjustments, we noticed the rise of the Ethereum staking business, which already counts greater than $40 billion value of staked belongings and has generated over $1.6 billion in complete staking rewards, a proxy for complete income.
