The hype around meme-based tokens on the Ethereum [ETH] network that drove up the staking rate has begun to subside as the focus shifts towards BRC-20 tokens on the Bitcoin [BTC] network. According to data from beaconcha.in, Ethereum’s staking rates, which climbed to a post-merge high of 8.6% on 5 May due to increased on-chain gas fees, have begun to experience a decline. At press time, this stood at 6.72%.