The record surge in Ethereum staking in May was attributed to the ongoing U.S. debt ceiling saga, confidence in the U.S. dollar, bank collapses and the high APR offered on ETH staking.

Cryptocurrencies, Staking, Proof-of-Stake, ShanghaiRead More

You might also be interested in reading TA: Ethereum Trims Gains, Why ETH Could Restart Its Rally.