# Сопутствующие статьи по теме Proof of Stake

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Proof of Stake", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

ETH Staking Data Reversal: Exits Drop to Zero VS Entries Surge by 1.3 Million—When to Buy the Dip?

Ethereum's staking dynamics have recently undergone a notable shift. As of January 7, the exit queue for ETH staking has been fully cleared, indicating that the prolonged period of withdrawal pressure has been absorbed. Concurrently, the entry queue has surged significantly, with approximately 1.3044 million ETH now waiting to be staked—a stark contrast to the situation in mid-September when over 2.66 million ETH were queued to exit amid higher prices. This reversal, while reflecting improved market structure, is largely driven by institutional reallocation rather than broad retail momentum. Notably, BitMine, a major digital asset treasury, staked around 771,000 ETH in recent weeks, accounting for a substantial portion of the new entries. This suggests the trend is influenced more by long-term yield strategies than immediate bullish sentiment. Beyond staking, Ethereum's fundamentals show signs of broader improvement: Q4 2024 saw a record 8.7 million smart contracts deployed, stablecoin transfer volume exceeded $8 trillion, and gas fees hit all-time lows. Exchange reserves of ETH remain near multi-year lows, reducing immediate sell-side pressure. Additionally, the significant disparity between Ethereum’s TVL dominance (59%) and its market cap share (~14%) may indicate undervaluation relative to its economic activity. In summary, while the staking shift alone may not signal a price turnaround, it aligns with other strengthening on-chain metrics, suggesting Ethereum is undergoing a phase of structural recovery after a deep correction.

Odaily星球日报01/07 11:01

ETH Staking Data Reversal: Exits Drop to Zero VS Entries Surge by 1.3 Million—When to Buy the Dip?

Odaily星球日报01/07 11:01

Vitalik May Not Realize That Ethereum's Transition to PoS Actually Buried a Financial 'Hidden Bomb'

After transitioning from Proof-of-Work (PoW) to Proof-of-Stake (PoS), Ethereum introduced staking rewards for ETH, creating a "maturity mismatch" arbitrage opportunity with Liquid Staking Tokens (LSTs) and Liquid Restaking Tokens (LRTs). This led to leveraged lending, recursive borrowing, and yield arbitrage on platforms like Aave, becoming a major DeFi use case—similar to traditional finance’s reliance on arbitrage. However, this arbitrage does not generate additional liquidity or value for the Ethereum ecosystem. Instead, it creates persistent selling pressure, as institutions cash out their staking rewards. This dynamic forms a delicate balance between sell pressure, ETH buy demand, and deflationary mechanisms. Unlike traditional banking, where maturity mismatch helps transform savings into productive capital (e.g., long-term loans funding economic growth), DeFi’s version is purely speculative. Institutions engage in recursive staking—staking ETH via Lido to get stETH, using it as collateral on Aave to borrow more ETH, and repeating the process—amplifying staking yields without contributing to real economic activity or dApp development. This套利套利behavior essentially exploits Ethereum’s security budget. With over 34 million ETH staked—far exceeding the estimated 15 million needed to resist state-level attacks—the network experiences "excess security." Post-Dencun upgrade, with reduced gas fees and renewed ETH inflation, the selling pressure from staking rewards structurally suppresses ETH’s price. ETH’s staking yield, currently around 2.5%, trails behind U.S. Treasury yields, making ETH a less attractive asset institutionally. The rise of Real-World Assets (RWA) on-chain could create external demand, potentially boosting ETH’s value, but for now, the PoS shift has turned ETH into a perpetual bond with negative yield spread versus Treasuries, posing a financial risk rather than fostering organic growth.

marsbit12/31 04:23

Vitalik May Not Realize That Ethereum's Transition to PoS Actually Buried a Financial 'Hidden Bomb'

marsbit12/31 04:23

Staking 'Net Outflow' Ends: Can Ethereum Achieve a Strong Breakthrough?

By the end of 2025, the Ethereum network has reached a pivotal moment: the validator entry queue has surpassed the exit queue for the first time in months. This reversal indicates that more capital is seeking to stake ETH than to unstake, signaling a potential shift in market sentiment and underlying network strength. Currently, approximately 739,824 ETH are waiting to enter the staking queue, with an estimated wait time of nearly 13 days, while only 349,867 ETH are in the exit queue, requiring about 6 days to process. Total ETH staked stands at around 35.5 million, accounting for 29.27% of the total supply, with over 983,600 active validators. This change reflects reduced selling pressure and suggests growing confidence among institutional players. Key drivers include large staking moves by treasury firms like BitMine, which staked over 342,560 ETH in late December, and SharpLink, which has staked nearly all of its ETH. The Pectra upgrade—implemented in May 2025—also improved staking efficiency by raising the maximum validator balance and enabling reward compounding. Additionally, the deleveraging process in DeFi, which previously caused significant exit pressure, appears to be nearing its end. While challenges remain and the sustainability of this trend is yet to be confirmed, the shift toward net staking inflow marks a possible turning point for Ethereum’s security and capital accumulation cycle heading into 2026.

marsbit12/30 02:27

Staking 'Net Outflow' Ends: Can Ethereum Achieve a Strong Breakthrough?

marsbit12/30 02:27

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