The U.S. Securities and Exchange Commission's (SEC) clarification around liquid staking continued to lift asset prices across the staking sector this week, with ETH rising to $4K for the first time since December on Friday.
Several layer-2 networks have also been the beneficiary of ETH's recent ascent. Ethereum scaling solution Optimism's native token (OP) rose 8% in the past 24 hours to cement a weekly gain of 13%, rival network Blast also experienced a uptick of 6.3%.
Mantle, which uses optimistic rollups to process transactions off-chain before settling them on the Ethereum mainnet, was the leader of the pack, with the MNT token jumping by 50% in the past week.
The staking sector in general has outperformed the wider market, with LDO up 12.3% and ETHFI up 5.4% in the past 24 hours.