More $ETH will be staked after Shanghai, cburniske says
Therefore, more Ethereum enthusiasts with various deposits will likely join its staking ecosystem. In a few quarters, the share of Ether supply locked in staking contracts might add 100-300%. So, the activation of Shanghai will result in volatility, but not in panic-selling.
Burniske also indicated that the Ethereum staking process is still in its infancy: only 15% of Ether is staked. To provide context, for"Ethereum killers" Cardano and Solana , this indicator is about 70%. Ethereum holders avoided staking their deposits since without an opportunity to withdraw funds, this lockup strategy was too risky for them.Bitcoin entrepreneur Matt Odell suggested that all available Ethereum supply will migrate to the orange coin.
The other 85% of unlocked $ETH can flee from Ethereum to Bitcoin as it pleases. Time to hang up the tired narrative, both $BTC and $ETH are quality assets Ethereum is trading at $1,822, up 4.4% in the last 24 hours. Yesterday, it reached the highest levels since August 2022.First major upgrade of post-Merge Ethereum , Shapella will be activated on mainnet on April 12, 2023, at about 10:27 p.m. UTC. This information was posted by Ethereum core dev Tim Beiko.Ethereum developers successfully activated Shapella in Goerli, the most popular Ethereum testnet. It becomes the latest sandbox environment for Shapella stress-testing before mainnet deployment.
This upgrade signals the last phase of Ethereum migration from proof of work to the proof-of-stake consensus.
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