Is MetaMask now a major player in Ethereum staking? Decentralized crypto wallet provider Metamask is officially among the top Ethereum stakers following the long-awaited Shapella upgrade. Moreover, data shows a significant trend. After the Shapella update on 12 April, the MetaMask wallet has become one of the main interfaces used by Ethereum users to put their ETH in staking. There has even been a noticeable increase in ETH staking through the platform.

This rise in staking activity through MetaMask is a critical development following the Shapella upgrade. Staking is a Decentralized and noncustodial wallet services provider Metamask has emerged as one of the dominant supporters of the Ethereum proof-of-stake (PoS) protocol. The upgrade unlocked staked ETH and allowed for withdrawals, but instead of mass exodus, MetaMask users have continued to stake their tokens.

The staked figure places Metamask among the top Ethereum stakers post-Shapella upgrade, at a time when many are unstaking their locked tokens. What's driving this trend? Users likely appreciate the ease of use and security offered by MetaMask. The platform's integration with various staking providers simplifies the process, making it accessible to a wider audience.

In a significant milestone for the Ethereum network, the number of new staked Ether (ETH) has exceeded withdrawals for the first time since the implementation of the Shapella upgrade, and MetaMask's role in facilitating this trend cannot be overlooked. As Ethereum continues to evolve, MetaMask's continued support for staking will undoubtedly play a crucial role in the network's stability and security.