Good News! Ethereum Is Still Boring as Hell.
TL;DR
ICYMI, about a month ago, Ethereum went through an upgrade that allowed users to withdraw their staked ETH for the first time in years - we're talking $36B+!
...and with the recent banking collapses, we've all seen what can happen when everyone decides to pull their money out of something at once.
Everything is going just...fine. In fact, more money is coming into Ethereum staking than going out - by a difference of $189M.
$36B+ of investments were opened up, in what is widely considered to be a 'high risk' asset, amidst a grizzly bear market...and deposits have increased. That spells conviction.
Full Story
Yeah, that's right - we said it and we stand by it: Ethereum is boring as hell right now.
...which is good news!
ICYMI, about a month ago, Ethereum went through an upgrade that allowed users to withdraw their staked ETH for the first time in years.
The total amount locked up wasn't small either - we're talking $36B+!
...and with the recent banking collapses, we've all seen what can happen when everyone decides to pull their money out of something at once.
But there's no high-octane story to be told here - Ethereum isn't clawing its way back from the brink, or weathering any category 5 storms.
Everything is going just...fine.
In fact, more money is coming into Ethereum staking than going out - by a difference of $189M.
So what's the takeaway?
$36B+ of investments were opened up, in what is widely considered to be a 'high risk' asset, amidst a grizzly bear market.
...and deposits have increased.
That spells conviction.