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Ethereum's Shanghai fork is coming — but it doesn't mean investors should dump ETH

Published 02/01/2023, 06:25 PM
Updated 02/01/2023, 08:00 PM

Ethereum’s next big upgrade, Shanghai, is on the horizon for March. The Shanghai hard fork will implement further improvement proposals for the Ethereum network as well as enable Ether (ETH) stakers and validators to withdraw their assets from the Beacon Chain.

At the time of writing, staked ETH represents approximately 14% of the total supply, or 16 million coins. It equates to over $25 billion at ETH’s current price, a substantial sum that will gradually become liquid following the fork.

Total value locked on all blockchains. Source: DeFi Llama
Ethereum mainnet smart contracts deployed per quarter. Source: Dune
Konstantin Boyko-Romanovsky is the CEO of Allnodes. He holds a master’s degree in architecture from Moscow Architectural Institute and spent more than a decade in the video game industry, with a focus on Russia and Eurasian markets.

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