Introduction

• What Is Staking in Crypto? Staking is a way to put your crypto to work and earn rewards on it. Ethereum was the first cryptocurrency with a programmable blockchain that developers can use to create apps. Ethereum started out using proof of work, But from September 19, it was changed to the proof-of-stake model
• The Beacon Chain is the coordination mechanism of the new network, responsible for creating new blocks, making sure those new blocks are valid, and rewarding validators with ETH for keeping the network secure.
• The Merge phase itself has two hard forks, in the first phase, miners are removed from the network and stickers take their place, and after that they start processing Ethereum main network transactions, and the second fork, which is implemented almost a month later And at this stage, the possibility of withdrawing 32 ethereums, whose validations were deposited in the ethereum 2 smart contract in the phase of the beacon chain, is opened.

==Next, we will review and compare Stakewise,Ankr,Blox Staking==

StakeWise

provides an extremely easy method for users to take part in the Eth2 staking contract. It provides an intuitive platform to allow users to deposit ETH and earn rewards for staking Ether.

The main goal for StakeWise is to fully meet all ETH staking needs for its users at a competitive price point. Additionally, they have ensured that using the platform requires no special technical knowledge from the user

Ankr

is a staking-based platform and calls itself StakeFi. The Ankr platform was created with the aim of making easy access to ways to earn money in the crypto market for everyone. Ankr platform is trying to make the use of blockchain and its capabilities simple and cheap for users by creating a cloud space.

Blox Staking

provides custody-free Ethereum 2.0 staking services for anyone to participate in staking or become a validator. Built by the team behind blox.io, a leading crypto accounting platform, Blox Staking offers truly secured, reliable staking armor by Hashicorp Vault.

Blox Staking is leveraging technology built by the Prysmatic Labs team for supporting multi-client validators on the beacon chain. Blox also uses Hashicorp Vault for private key management.

Purposes of dashboard

The platforms that are reviewed are:

• Ankr/stakewise/blox staking

Then the activities of the addresses that had direct staking are evaluated. The following metrics are used to check Ethereum staking status:

• Volume of ETH staked
• Number of unique stakers(depositors)
• Number of ETH staking per month/day
• Top 10 stakers based on staking volume/count
• Classification of users based on the volume of ETH staked
• Classification of users based on the number of ETH staking
• Distribution of the number of staking
• Number of platforms where users have staked their Ethereum.
• Average/ median/ minimum/ maximum of ETH staked per day
• Assessing the correlation between ETH price and ETH stakers activity

Methodology

In this dashboard, the following tables are used to extract data:

==ethereum.core.ez_eth_transfers== → This table is used to check the amount of ETH transferred to the platforms.

==ethereum.core.fact_hourly_token_prices== → This table has been used to extract the price of ETH and check its correlation with some staking indicators.

All data is from November 2020 onwards

Conclusion based on the following charts

The most amount of ETH shared in a month on different platforms:

Stakewise → mar 2021→ 10.3k ETH

Blox Staking→aug 2017 → 13k ETH Ankr → December 2020 → 28k ETH

Ankr is in the first place with 28 thousand Ethereum and Blox Staking is in the second place with 13 thousand Ethereum.

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The top users of various platforms in terms of the volume of ETH staked are

• Blox Staking → 0x46436f1fa2f9d77b146cde18d545ae3ed28057c1 → 13000 ETH
• Stakewise → 0x61c808d82a3ac53231750dadc13c777b59310bd9 → 15100 ETH
• Ankr → 0x13e252df0cafe34116cec052177b7540afc75f76 → 8,800 ETH

The top users of different platforms in terms of the number of stakes are:

• Blox Staking→ 0xc000017e67b41dcf57ad392d91c11598491ae829→ 2
• Stakewise → 0xe7ee3d4ea937f112e772b3dc5a212545869dffab→ 24
• Ankr → 0x870f64e73e7d2dc5022b4b74e58c323b3148a984 → 42

• Examining the results shows that most of the users have staked on these platforms only once. (77.4%)
• Among all users, 13 addresses have staked their ETH more than 100 times.
• It seems that the Blox Staking platform has not been staked since 2020
• As most users have only staked their ETH once, most users have only used one platform to stake their ETHs. Among them, 3 addresses have staked on 4 platforms.

To obtain the correlation, we used the relationship shown on the right. If we wish to label the strength of the correlation, for absolute values of r, 0-0.19 is regarded as very weak, 0.2-0.39 as weak, 0.40-0.59 as moderate, 0.6-0.79 as strong and 0.8-1 as very strong correlation. On the other hand, the correlation coefficient can be positive or negative. A positive correlation coefficient means that as the value of one variable increases, the value of the other variable increases; as one decreases the other decreases. A negative correlation coefficient indicates that as one variable increases, the other decreases, and vice-versa. The results show that the correlation between ETH price and the number of ETH staking users is very weak. (correlation coefficient = 0.18) On the other hand, the correlation between the volume of ETH staked and the price of ETH is also very weak. (correlation coefficient = 0.13) This is while the correlation coefficient between the price of ETH and the volume of ETH staked in terms of $USD is higher than previous state and is equal to 0.27, although this value also indicates a weak correlation between the two parameters

Conclusion from all the above charts

• Some of the most important results obtained are:
• The amount of ETH staked on various platforms has decreased in the last few months.
• Among the different platforms, ankr ranks first in terms of the amount of ETH staked and the number of unique users.
• Most of the addresses are staked only once on these platforms.
• Most users have staked less than 10 ETH on these platforms.
• Most users have used only one platform to stake their ETHs.
• Correlation between ETH price and parameters related to ETH staking is weak.
• In platforms like Stakewise, almost no stakes have been made since 2020