SharpLink earned 420 ETH in one week through staking its Ethereum holdings, bringing its total staking rewards to 24,338 ETH. The number of active Ethereum validators, which had been declining for several months, resumed growth to reach between 887,000 and 888,000 by the end of July. The entry queue, which was between 2.8 and 2.9 million ETH at the beginning of July, dropped to between 2.4 and 2.5 million ETH, while the exit queue remained nearly zero, indicating a significant imbalance between staking inflows and outflows. This dynamic reflects a strong net inflow into the staking ecosystem. SharpLink holds 868,699 ETH valued at $1.65 billion, while Bitmine holds 5,787,414 ETH valued at $11.8 billion.
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