At least 26% of staking users prefer to do so through a recognized exchange. There are currently more than 61,641 active validators on the network.

The data that can be seen in the Etherscan block explorer reflects that the exchanges Kraken and Binance play the role of main providers of staking services in Ethereum 2.0. Kraken is leading the way with 14.8% of dominance; and Binance follows with 11.1%.

At least 32.2% of the users who are staking prefer to do so through a recognized platform to grant more security to their tokens, as well as the payment of interests due to their participation in the ETH bets.

The breakdown of staking deposits revealed by Etherscan offers an insight into the current staking scenario in Ethereum 2.0 since its activation. This alternative seems to encourage users to put their ethers (ETH) at the hand of the platforms that pay interest in exchange for their participation.

Kraken clients have staked more than 390,000 ETH (about $ 545 million at the current price of the cryptocurrency, according to CoinMarketCap). The figure places the platform in the first place.

Binance is in 2nd Place

Binance deposited ($ 417 million). Among other recognized exchanges is important to mention Huobi, despite a distance that positions the exchange in the sixth place, with a figure of 2.44% in deposits.

The formula that Kraken launched last year is receiving more and more users to use its service. Perhaps this growing interest resides in the fact that this formula offers interest rates that will fluctuate between 5 and 17% for ETH token bets, with the advantage of users being able to bet, even if they do not have the required 32 ETH to be a validator.

Binance, one of the most recognized exchanges in the world of cryptocurrencies, positions itself as one suitable alternative to be taken into account by users. It ranks second on the list of alternatives that highlight the service.

Binance brings allowance to its users to deposit an arbitrary amount of ETH with the promise of safe a return that lingers between 5% and 20%.

What is a Staking Service?

Staking is a service that appears on the Ethereum network since the Beacon Chain launch in December last year. It is the first of a bunch of steps in a long and hard road regarding the transition to Ethereum 2.0 and for this platform to migrate the type of consensus from proof of work (PoW) to proof of stake (PoS) in the network, this means eradicating all the miners.

For those who do not know, staking is a term that refers to the process by which a user gains access as well as the option to block a certain amount of tokens on a PoS network to validate transactions and receive rewards.

The Etherscan data shows that 37.4% of the ETH used for staking comes from validators who are betting on their account without a pool acting as an intermediary. More than one million ETH on the network are being blocked by these users.

Ethereum Foundation researcher Danny Ryan showed data during a recent community call and said that there are currently 61,641 active validators. The number of requests is seeking to reach a new peak of approximately 16,000 validators requesting activation.

By: Jenson Nuñez

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