🧵 1. Ethereum staked on Beacon Chain reaches $116B ahead of Dencun upgrade. Growth of 9% since start of the year, now at 31.387M ETH, price $3,720. #finance
🧵 1. Ethereum staked on Beacon Chain reaches $116B ahead of Dencun upgrade. Growth of 9% since start of the year, now at 31.387M ETH, price $3,720. #finance
🧵 2. Dencun upgrade introduces proto-danksharding for faster, cheaper transactions. EIP-7044 simplifies rewards, ease for ETH staking process changes.
🧵 3. EIP-7044 crucial for validators/stakers to set exit instructions in smart contracts. Protects against potential fines for inactive hardware or downtime issues.
🧵 4. Users can earn staking rewards without full 32 ETH; can pool funds but face risks if validator experiences downtime. Proto-danksharding and EIP-7044 key updates.
🧵 Read more at: https://decrypt.co/220194/staked-ethereum-grows-to-116-billion-a-week-before-dencun-upgrade