Ethereum sees $1B staked ETH withdrawn as round 2 begins, but DeFi community remains positive.

Over $1 billion worth of Ethereum has been withdrawn from staking in the past 24 hours as round 2 of withdrawals begins, showcasing the network's ability to perform live network-wide updates without issue. A total of $1.7 billion has been withdrawn since the Shanghai and Capella upgrades went live. With 18,442,455 ETH currently staked, staked ETH makes up 15.32% of the total supply, with 33% staked with Lido. Staked Ethereum earns interest over time, and when a validator earns over 32 ETH through rewards, the excess amount gets withdrawn automatically as a reward payment every few days.