According to the Token Unlocks dashboard, just over a million ETH has been withdrawn from the Beacon Chain following the Shapella upgrade on April 12.

However, the staking balance has not decreased by one million because 370,000 were deposited in the same period.

Therefore, the current staking balance has declined by 640,000 ETH, according to Token Unlocks.

This suggests that some of the unstaked ETH are going back into liquid staking platforms such as Lido.

Ethereum Staking Exodus Slows

The staked ETH balance on Lido has actually increased by around 100,000 since the Shapella upgrade. It is now just over six million, valued at $12.6 billion. Furthermore, the Lido share of the total staked has increased to 34.7. This is also due to the fact that Lido has yet to enable withdrawals for users of the platform.

There are currently 17.3 million ETH still staked, valued at around $36 billion at current prices.

The Nansen dashboard is showing a slowdown in the pace of Ethereum withdrawals which fell to just 2,415 ETH on April 16 when there was 3,008 ETH deposited.