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Another chunk of ETH has been withdrawn due to Kraken, but deposits going onto the network have almost matched them. Ethereum staking withdrawals have entered their third “round,” but Ether (ETH) staking deposits have almost equaled them, according to the data from the analytics platform Nansen. Ethereum staking withdrawals started ramping up for the third time on April 24 and into April 25. According to Nansen, the crypto exchange Kraken was responsible for a large portion of these withdrawals. A “round” refers to the number of days taken to process partial withdrawals and rewards. Nansen says it currently takes just under four and a half days. The last large batch of withdrawals on April 24 was a total of 61,608 ETH in principal and reward withdrawals. However, at the same time, there were 63,009 ETH deposits, reported Nansen. This has resulted in zero change in the balance of staked ETH over the past 24 hours. Ether deposits (shown in blue) since April 18. Source: Nansen In Februar...

Over 1 million ETH has been withdrawn since the Shapella hard fork on April 12. However, a significant chunk of addresses has gone back to re-staking their ETH. Ethereum blockchain underwent a successful Shapella upgrade on April 12, making way for validators to withdraw their staked Ether (ETH) from the Beacon chain after three years. After seeing over a million ETH in withdrawals in the first week, the amount of staked ETH has now surpassed the number of ETH being withdrawn for the first time after the Shapella upgrade. Data from the on-chain analytic firm Nansen suggests that there are more ETH being staked at present than withdrawal requests. As of April 17, the ETH staking volume ETH staked 124,000 ETH exceeded the withdrawal volume of 64,800 ETH for the first time. In the last 24 hours, the amount of staked ETH was 94,968 against 27,076 in withdrawals. The first round was mostly partial withdrawals from Lido and old validators. It takes approximately three days to get into the w...