Experts from analytics platform Dune have reported a record weekly inflow of assets has been recorded in the smart contract for deposit on the Ethereum network after the activation of the Shapella hark fork.
According to them, between April 17 and April 23, users staked around 571,950 ETH worth more than $1 billion.
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According to the blockchain data, this is a record since the launch of the deposit contract.
One of the authors of the study, Tom Wan, has emphasized the inflow of funds is due to institutional demand.
Bitcoin projects Suisse, Figment, Kiln, Staked.US and Stakefish have cumulatively locked up 148,400 ETH (about $270 million) over the past week. For the month, their total deposits amounted to 235,330 ETH or $450 million.
The volume of blocked assets has exceeded 17.51 million ETH.