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The Shanghai Effect: ETH Staking Ratio Soars 147% Post-Upgrade

Published 10/08/2023, 09:46
Updated 10/08/2023, 10:15
©  Reuters 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.

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