Surging Popularity of Ethereum Staking Keeps Lid on Yields

According to data from Dune Analytics, more than 14 million ether (ETH), worth over $2 billion, are currently being staked on the Ethereum blockchain, including a spike in deposits during the third quarter, when the shift to the proof-of-stake model took effect, known as the Merge. That amount of ether staked is up 7.5% from the end of the second quarter.