The Shanghai Effect: ETH Staking Ratio Soars 147% Post-Upgrade
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- Ethereum’s recent Shanghai upgrade has had a significant impact on staking.
- The net staking ratio has surged by an impressive 147% following the implementation of the Shanghai Upgrade, as revealed by Token Unlocks data.
- A significant portion of the current ETH staking, precisely 25%, has come into play after the successful update.
The highly anticipated Ethereum Shanghai upgrade has had a profound impact on the sector, setting off a wave of growth and heightened interest. According to data provided by Token Unlocks, a prominent crypto analytical platform, the upgrade has spurred notable developments, particularly in the realm of ETH staking.
— Token Unlocks (@Token_Unlocks) August 10, 2023
Wrapped Up for Shanghai Upgrade
The Shanghai Upgrade fueled sector growth, and the demand for the LSD protocol keeps rising.
Here's what you can't afford to miss:22.99m $ETH staked, ~18.86% of circulation (Overall)
5.84m $ETH staked, ~4.8% of circulation (Since… pic.twitter.com/ZReOpNVTzD
One of the most remarkable indicators of this surge is the substantial increase in staked Ethereum. A staggering 22.99 million ETH, equivalent to approximately 18.86% of the total c…
The post The Shanghai Effect: ETH Staking Ratio Soars 147% Post-Upgrade appeared first on Coin Edition.
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Coins
$ 1.80K
+3.24%$ 0.00...361
$ 0.000113
$ 0.000218
$ 0.000161
Predictions Markets
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