以太坊[ETH]爱好者一直在计算pectra升级，预计其验证者友好的变化将重塑动态。

，但转变开始于预期的要早 - 在发布的那一刻，pectra的路线在Mid-February中宣布了几个月，该报告几乎是在Ettry of Eth宣布的。

，但是2月中旬左右的Pectra公告改变了这一趋势。从2月16日到5月16日，ETH的净流入量为627,000 eth。加密量

堆积流入通常会反映出行为转移。 And Ethereum’s recent trends suggest more than just a retail return.

The restoration of confidence in the staking system points toward a shift, possibly from institutions exploring or preparing for Ethereum’s post-upgrade profile.

Key staking milestones — like the Shanghai and Pectra upgrades — have historically driven ETH flows.

Around each, we’ve seen positioning shift weeks before the technical推出，显示Market的前瞻性方法。

随着ETF的发挥作用，并且Strating Mechanics变得更加灵活，以太坊的设计对大型资本分配者的设计越来越友好。

以太坊的本地产量（通过Staking）一直是一个核心叙述。 Now, with Pectra in place, that narrative gains credibility and structure.

The reduced operational friction, paired with protocol-level improvements, may attract further inflows.

While current inflow volumes aren’t explosive, they’re directionally important.

A slow but steady climb in staked ETH hints at a maturing market reassessing Ethereum’s yield potential — not just as a零售产量农场，但作为一种战略性，监管和ETF兼容的产量产品。