A well-known staking service provider continues to expand its position on Ethereum today, with an additional staking volume reaching $478 million. As of now, the total amount staked on ETH by this institution has surpassed $4.17 billion.

Based on the current market annualized yield of 2.1%, this massive staking position will generate nearly $90 million in stable annual income for the institution. These figures fully reflect institutional investors' strong commitment to holding mainstream assets long-term and earning passive income through staking. In the current environment where yields on crypto assets are under pressure, this stable income model still attracts continuous capital deployment.