Ethereum transactions have reached a year-high due to new guidance from the U.S. Securities and Exchange Commission (SEC) on staking. Over 36 million Ether are currently locked in the network.
Ethereum Transactions Amid SEC Changes
Transactions on the Ethereum network have reached a yearly high following new SEC guidance on staking. According to Dune Analytics, over 36 million Ether is currently staked, representing about 30% of the total token supply.
Understanding Liquid Staking and SEC's Position
On Tuesday, the SEC released a statement outlining its views on liquid staking. Liquid staking allows users to earn rewards while still participating in decentralized finance (DeFi). The SEC stated that these activities do not qualify as the offer of securities under the 1933 Securities Act.
Optimism in Ethereum Ecosystem and Future Regulations
Despite the limitations of the SEC's position, the Ethereum ecosystem expresses optimism. Investors are increasingly staking their assets, indicating rising confidence. However, the DeFi industry still requires clear legal recognition, while future regulations remain in limbo.
The transactional activity on Ethereum continues to rise, reflecting market interest and confidence, while the DeFi industry awaits clear regulations for its growth.
