{"id":77177,"date":"2023-04-13T18:58:55","date_gmt":"2023-04-13T15:58:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77177"},"modified":"2025-09-10T21:49:31","modified_gmt":"2025-09-10T18:49:31","slug":"kraken-leads-in-ethereum-withdrawals-from-deposit-contract-after-shapella","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/kraken-leads-in-ethereum-withdrawals-from-deposit-contract-after-shapella\/","title":{"rendered":"Kraken Leads in Ethereum Withdrawals From Deposit Contract After Shapella"},"content":{"rendered":"

Kraken accounts for 86.6% of the total ETH queued for withdrawal from the deposit contract after the successful activation of Shapella<\/a>. The data are in a dedicated dashboard Rated Network<\/a>.<\/p>\n

\"image-187\"
\u0414\u0430\u043d\u043d\u044b\u0435: Rated Network<\/a>.<\/figcaption><\/figure>\n

Nansen analysts assessed<\/a> this metric at 66.6%.<\/p>\n

\"image-188\"
\u0414\u0430\u043d\u043d\u044b\u0435: Nansen<\/a>.<\/figcaption><\/figure>\n

Shapella activated EIP-4895<\/a> \u2014 the ability for users to withdraw funds from staking. The hard fork occurred at epoch #194 048<\/a>.<\/p>\n

On February 10, 2023, Kraken agreed to pay a $30 million fine and shut down its staking program<\/a> after claims by the SEC that it was not properly registered.<\/p>\n

According to Parsec Finance<\/a>, 17 654 validators await withdrawals from the deposit contract.<\/p>\n

\"image-189\"
\u0414\u0430\u043d\u043d\u044b\u0435: Parsec Finance<\/a>.<\/figcaption><\/figure>\n

The queue for ETH withdrawals from the deposit contract reached 890 980 ETH ($1.78 billion), according to Token Unlocks<\/a>.<\/p>\n

At the time of writing, the daily withdrawal pace stood at 84 092 ETH (data from Nansen<\/a>).<\/p>\n

From 15:00 to 16:00 (Kyiv\/Moscow) 27 008 ETH were directed into staking, equating to 25.9% of the net reduction in staker balances over the previous 14 hours after Shapella activation (104 291 ETH).<\/p>\n

\"image-190\"
\u0414\u0430\u043d\u043d\u044b\u0435: Nansen<\/a>.<\/figcaption><\/figure>\n

Andrew Turman, an analyst at Nansen, explained that in most cases users withdraw their rewards rather than the entire available balance. He suggested that the volume of blocked Ethereum will gradually decline, while inflows of coins will continue.<\/p>\n

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Notably, the majority of withdrawals are addys withdrawing their rewards, not their rewards + full stake. At current pace, it\u2019s reasonable to assume the total amnt of staked ETH willtrend down, but there remains strong inflows as well, with over 15k ETH staked on a 24 hour basis pic.twitter.com\/kQNPme56cy<\/a><\/p>\n

\u2014 Andrew T (@Blockanalia) April 13, 2023<\/a><\/p><\/blockquote>\n