stakers have become quite motivated recently, and more staking ETH deposits have begun flowing into the staking contract.
What has been driving them is the Shanghai hard fork implemented by the Ethereum team, which took place on April 12 this year.deposit activity hit a new high on June 2, by which time around 14,000 new ETH deposits were made. They contained nearly 410,000 ETH. In the meantime, Glassnode added, if you look at ETH deposit transfers to crypto exchanges, those now remain as they were before – roughly 30,000 ETH compared to inflows to the staking contract.
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