Analysis: The increase in staked ETH and regulatory support for liquid staking drive the rise of ETH

ChainCatcher message, due to the increase in the amount of staked ETH and the support from regulators for liquid staking, the Ethereum network's transaction volume has surged to an all-time high. The U.S. Securities and Exchange Commission clarified that certain liquid staking activities do not fall under securities, which has sparked institutional interest. Driven by increased corporate staking and treasury holdings, the price of Ethereum has skyrocketed by 163% since April.

Earlier this week, the blockchain's seven-day average daily transaction volume reached 1.74 million, surpassing the previous record of 1.65 million set on May 12, 2021.