Staking

Ethereum staking has concurrently reached an all-time high, with nearly 27% of all ETH staked, reflecting growing confidence in the network’s security. Ethereum is also seeing heightened activity by restaking protocols with leading platform EigenLayer amassing $13 billion in TVL. In the last month of March, the Ethereum blockchain successfully implemented the Dencun upgrade ushering in greater scalability and reducing gas fees on the network. This resulted in a strong surge in the DeFi activity taking place on the Ethereum…

In recent months, the Ethereum staking landscape has witnessed significant transformations, prompting a shift in investor preferences and reshaping the sector’s dynamics.  According to on-chain data researcher and strategist at 21Shares, Tom Wan, key metrics indicate a notable change in the approach towards Ethereum staking, with restaking gaining prominence as a preferred method. Ethereum Restaking Landscape Wan’s observations, shared on the social media platform X (formerly Twitter), highlight a steady increase in ETH staking deposits from restaking, rising from 10%…

The core technical team behind the Filecoin-based STFIL protocol said that they are under investigation by Chinese authorities. Over the past couple of days, there have been unforeseen updates to the protocol, along with funds transfers to different addresses. Mysterious Token Transfers and Upgrades The news came out in a public post by STFIL Protocol on X, revealing that they believe the STFIL core technical team is under investigation by local Chinese police. They mentioned that lawyers have been hired…

Several sectors within the crypto market are seeing a resurgence. AI and Big Data, Liquid Staking, and DeFi projects managed to secure the most gains in the past week. According to their weekly returns, artificial intelligence (AI) and Big Data, which comprised 100 projects, topped the chart with a strong performance and a notable increase of 8.65%, as noted by blockchain intelligence platform Santiment’s latest analysis. The collective market cap of AI and Big Data currently stands at a staggering…

The post Pullix (PLX) Dominates Headlines as it Rolls Out Staking With up to 45% APY appeared first on Coinpedia Fintech News Amid the need to see a more seamless decentralized exchange in the blockchain industry, Pullix (PLX) is coming through by providing a new-era exchange platform that’ll boost users’ trading experience. As a top crypto project, Pullix is a diversified platform for trading stocks as well as for crypto staking.  Now that staking is live on the Pullix platform,…

PropyKeys aims to make real estate ownership more accessible, secure, and engaging through the help of Chainlink Automation. The integration of PropyKeys and Chainlink Automation is a huge leap toward mainstream adoption of LINK and PRO crypto assets. The unquenchable need to tokenize real-world assets (RWA) through blockchain technology has significantly improved global cryptocurrency liquidity. As Crypto News Flash previously reported, the future of the cryptocurrency industry is largely pegged to the concept of real-world asset tokenization. Moreover, asset tokenization…

21Shares has launched a Toncoin-based staking product. Avalanche Foundation has launched a community grant program to reward projects and developers. NuggetRush has passed an audit by Solidproof to ensure they are safe for investors ahead of launch. 21Shares has recently introduced a Toncoin-based staking product. This will allow its investors to engage and track staking activities. In a bid to support innovation and development within its ecosystem, the Avalanche Foundation has initiated a community grant program.  The program will offer…

The post The Bset 3 Crypto Staking Platforms for 2024 appeared first on Coinpedia Fintech News In the world of digital currencies, staking has emerged as a significant trend. It’s a concept that allows cryptocurrency holders to earn passive income by participating in the network. The appeal of such a system is clear: earn additional income while helping maintain the integrity of the blockchain network. With the increasing popularity of cryptocurrencies and their potential for high returns, more and more…

On March 29, the firm announced its Grayscale Dynamic Income Fund (GDIF) stating that it is its first actively managed investment product. Grayscale added that the new fund aims to optimize income in the form of staking rewards associated with proof-of-stake crypto assets. It is the latest effort from the world’s largest crypto asset manager to retain clients and capital following a huge exodus from its flagship product (GBTC) and its conversion to a spot Bitcoin ETF. Grayscale Dynamic Income…