On-chain data tracked by the Rated network explorer shows Kraken leading with 62% of the exit queue breakdown among all validators moving to unstake. There are over 15,000 validators in the exit queue at the time of writing. per parsec finance.
Given the legal issues Kraken has faced with the Securities and Exchange Commission, the dominance of the destaking queue is largely to be expected.
“The complaint alleges that Kraken will provide an easy-to-use platform for its staking investment program and provide benefits derived from Kraken’s efforts on behalf of its investors, including Kraken’s strategy for obtaining regular investment returns and payments. It claims it is doing so,” the SEC said in a release. From February.
Kraken eventually settled with the SEC for $30 million.
Overall, the Shanghai upgrade appears to have had only a minor impact on the Ethereum protocol and its eponymous token. On-chain data suggests that with just a -0.25% change in staked Ether, very little Ether was withdrawn. According to Nansen.ai data.
March, Pointed out by CryptoQuant 60% of all staked Ether suffered losses, suggesting less selling pressure on Ether after the Shanghai upgrade.
According to recent data from Nansen, the average price of Ether staked on Lido is $2,552. Liquid staking solution Lido accounts for about 31% of all Ether deposits.
The data shows that 4.35 million Ether, or about 24%, has been staked above $3000, a price not seen since April 2022.
