New York, NY, October 22, 2024 (Globe Newswire) — The continued evolution of Ethereum's staking ecosystem brings significant market speculation, an increase in validators, and a Shanghai upgrade that optimizes staking. significant growth has been fueled by major upgrades. This increase reflects strong user confidence in Ethereum’s PoS reward system, encouraging more participants to stake their ETH.
Centralization of staking and market trends
Centralization continues to be an issue as Ethereum staking activity increases. Lido, a major player in this space, has increased its stake from 8.8 million to 9.8 million ETH since September 2023, accounting for a significant portion of total staking. Ethereum. Compared to other blockchains such as Polygon, which have a more decentralized staking model, the dominance by top stakers raises red flags regarding the centralization of the network.
However, the positive inflow into Ethereum tells quite a story. The biggest spike in staked ETH occurred in January and February 2024, with net inflows exceeding 1.8 million ETH in a short period of time. This growth comes at a time when the market has high expectations for Ethereum futures ETFs and renewed interest in Shanghai Upgrade.
Earn Passively with Keynode.net – Ethereum Staking
Keynode.net allows users to dive into the larger Ethereum ecosystem, where stakes are continuously increasing along with passive income. Investors can already stake ETH using Keynode.net, allowing them to receive high staking rewards with daily payments that deliver predictable returns without any complicated steps.
Keynode.net's ETH Lite plan focuses on accessibility, allowing new users to stake cryptocurrencies without any initial investment. Participants receive $0.50 compensation each day for two days, with a 100% return on capital at the end of the plan. Shallow models like this are easy. This shows the platform's efforts to make staking accessible to more participants, especially for first-time users.
Competitive advantage: Low barrier to entry staking at just 0.01 ETH, flexible withdrawals without long lock-up periods, and daily payments to Keynode.net users. Unlike other competitors, you can earn and access platform rewards daily. With these features, Keynode.net provides passive income to stakers while limiting a lot of hassle. Because this also means a profitable long-term prospect of participating in the growth of the Ethereum network.
Maximize your profits: Refer and Earn with Keynode.net
In addition to staking, Keynode.net offers a referral program that brings another whole dimension to your income growth. Popular Mining allows users to earn bonuses simply by referring friends and acquaintances to the platform. For each successful referral, participants receive a percentage commission from all staking fees, making the referral an additional source of passive income.
Further growth in staked ETH highlights both the stability of the Ethereum network and the growing demand for passive income opportunities. Keynode.net allows you to be a part of the movement by making money through staking and earning more through referrals.
Start staking at Keynode.net today and be part of Ethereum's growing future while securing financial returns!
Disclaimer: The information provided in this press release is not a solicitation to invest and is not intended as investment advice, financial advice or trading advice. Mining cryptocurrencies can be risky. Funds may be lost. Before investing in or trading in virtual currencies or securities, we strongly recommend that you exercise due diligence, including consulting with a professional financial advisor.
