The Ethereum blockchain underwent a successful Shapella upgrade on April 12, allowing validators to withdraw their staked Ether (ETH) from the Beacon Chain after three years. After seeing over 1 million ETH in withdrawals in the first week, the amount of staked ETH has now surpassed the number of ETH being withdrawn for the first time since the Shapella upgrade.
Data from the on-chain analytics firm Nansen suggests that more ETH is currently being staked than withdrawn. As of April 17, the ETH staking volume of 124,000 ETH exceeded the withdrawal volume of 64,800 ETH for the first time. In the last 24 hours, the amount of staked ETH was 94,968 against 27,076 in withdrawals. The first round was primarily partial withdrawals from Lido and old validators. It takes approximately three days to get into the withdrawal queue.