Currently, 32.5 million ETH has been staked on Ethereum, growing by 78% since April 2023. Despite this growth, only 27% of ETH in circulation has been staked, lower than other proof-of-stake networks like Solana and Cardano.
The upcoming Ethereum upgrade, Pectra, expected by late 2024 or early 2025, introduces EIP 7251 to enhance validator UX. This proposal increases the max effective balance from 32 to 2048, allowing service providers like Coinbase to streamline validators, boosting efficiency.
EIP 7251 enables auto-compounding of staking rewards for solo stakers, eliminating the need for manual intervention. After the initial stake, rewards are automatically reinvested. This process ensures that rewards continue to generate staking yields effectively.
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