Andrew McFarlane is CTO at Validation Cloud an Institutional Staking-as-a-Service provider and Web3 infrastructure platform. Why you should listen Web3 infrastructure platform Validation Cloud has launched a staking-as-a-service platform for institutions. The platform enables institutions to deploy validators in bulk and earn rewards through smart contract automation. Institutions can stake on-demand and the platform is…
When Ethereum (ETH) exploded past $2,000 on November 9, Erik Smith, the Chief Investment Officer of 401 Capital, observed that the platform’s average daily revenue surged to the highest level in four months. According to data, Ethereum generated $10 million in daily revenue, extending gains registered on the previous day and pushing the metric to the highest…
According to on-chain data from DefiLlama, Ethereum liquid staking derivatives have grown in total value in recent months, with the total crypto locked closing in on record numbers. Liquid staking derivatives platforms now have more than 10 million ETH locked, making the total value locked (TVL) close in on $20 billion across various protocols. ETH…
In the fast-paced world of cryptocurrencies, Lido DAO (LDO) has made significant waves in the past week, experiencing an impressive surge of nearly 20%. Though the surge comes at a time the global crypto market is not deep in a downtrend, Lido’s current rally can be attributed to two notable factors. Over the past seven…
According to Glassnode on-chain data, Ethereum staking has reached an all-time high of over 16.16 million ETH which has been deposited into the beacon chain. The 16.16 million ETH figure consists of over 13.28% of the total Ether supply and represents $26.13 billion at current prices. As per the data, out of the 16 million…
According to Glassnode on-chain data, Ethereum staking has reached an all-time high of 16.16 million ETH worth $26.41 million, which has been deposited into the beacon chain. In other words, 16.101 million ETH have been staked on the Ethereum proof of stake beacon chain, as indicated by Glassnode on-chain data. The 16 million ETH figure…
With the “Merge”, the Ethereum blockchain successfully mastered the biggest upgrade in its history on September 15 last year. Even before the switch to Proof of Stake (PoS), investors were able to stake ETH to receive rewards. However, the prerequisite was that a minimum of 32 ETH had to be staked and could not be…
Over the last week, liquid staking cryptocurrencies have been seeing a significant upside. All of these tokens have successfully moved into the green territory, recording double-digit gains for their holders. Although these digital assets seem to be following the general crypto market uptrend, there is another factor pushing up their prices. Why Are Liquid Staking…
Lido DAO (LDO), the native cryptocurrency of Lido Finance, significantly increased its total market capitalization which now stands at $1.25 billion. This no longer comes as a surprise as the crypto asset is in the midst of an incredible run that enabled it to post double-digit gains on its intraday, weekly, bi-weekly and monthly charts.…
With the “Merge” and the accompanying change to proof of stake, the Ethereum blockchain received arguably the most crucial and largest upgrade of all time on September 15. With “Shanghai”, however, the next upgrade is already just around the corner. After a month-long break, Ethereum developers met last Friday for their 148th All Core Developers…