Ether pledge volume surges by 4.4 million since Shapella upgrade
More than 4.4 million ETH have been deposited into Ether contracts since the implementation of Ether's Shapella upgrade on April 12, bringing the total number to 22.58 million. Bitfinex analysts said in a weekly report that the surge in demand for pledges may stem from large ETH holders, who are reluctant to liquidate their holdings and instead seek to generate passive income. This trend is expected to continue, especially given that deflationary forces are expected to drive the price of ETH significantly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Analysis: Bitcoin Poised to Reach $125,000 Based on Short-Term Holder Cost Basis
U.S. Spot Ethereum ETFs Saw Net Inflow of $6.22 Million Yesterday
Solana Ecosystem Advisor Nikita Bier Joins X as Head of Product
Data: Bitcoin rose 31.41% in the second quarter
Trending news
MoreCrypto prices
More
