JPMorgan Believes Ethereum 2.0 Could Kickstart $40B Staking Industry.
Two JPMorgan analysts believes Ethereum’s planned move to Proof-of-Stake will increase adoption as institutions and retail investors take advantage of the high yields generated by staking.
Staking across all cryptocurrencies generates an estimated $9 billion annually.
The report predicts that this figure could increase to $20 billion following Ethereum’s move to Proof-of-Stake.
A final prediction in the report puts total staking rewards at $40 billion by 2025.
@CryptoTrades #dailynews #eth #ethereum #jpmorgan #staking #pos #proofofstake
Two JPMorgan analysts believes Ethereum’s planned move to Proof-of-Stake will increase adoption as institutions and retail investors take advantage of the high yields generated by staking.
Staking across all cryptocurrencies generates an estimated $9 billion annually.
The report predicts that this figure could increase to $20 billion following Ethereum’s move to Proof-of-Stake.
A final prediction in the report puts total staking rewards at $40 billion by 2025.
@CryptoTrades #dailynews #eth #ethereum #jpmorgan #staking #pos #proofofstake
Since December 2020, Ethereum-based Transactions Have Become Cheaper.
The proof-of-stake (PoS) protocol implemented on the Ethereum (ETH) blockchain has already seen the blockchain reach numerous significant milestones.
The network recorded its lowest average transaction fees as of August 2022 of $3, the lowest level since December 2020.
Therefore, the network's popularity in fields like decentralised finance (DeFi) and non-fungible currencies is likely to be fuelled by the cheap costs (NFT).
@CryptoTrades #dailynews #eth #ethereum #pos #defi #nft
The proof-of-stake (PoS) protocol implemented on the Ethereum (ETH) blockchain has already seen the blockchain reach numerous significant milestones.
The network recorded its lowest average transaction fees as of August 2022 of $3, the lowest level since December 2020.
Therefore, the network's popularity in fields like decentralised finance (DeFi) and non-fungible currencies is likely to be fuelled by the cheap costs (NFT).
@CryptoTrades #dailynews #eth #ethereum #pos #defi #nft